Jolywood(SZ:300393)2025-01-22 08:24Financial Performance Expectations - The company expects a net loss of between 700 million and 880 million CNY for the fiscal year 2024, compared to a profit of 526.55 million CNY in the same period last year [4]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of 760 million to 940 million CNY, down from a profit of 490.30 million CNY in the previous year [4]. Industry Challenges - The primary reason for the expected loss is the cyclical adjustment in the photovoltaic industry, leading to intensified competition and significant price declines in the supply chain [6]. Cost Management and Impairments - The company has implemented cost reduction and efficiency improvement measures to mitigate losses, but the profit margin has significantly narrowed [6]. - The company has made provisions for inventory impairment and conducted impairment tests on long-term assets, which have negatively impacted net profit [7]. Financial Reporting and Investor Guidance - The financial data in the earnings forecast is based on preliminary calculations by the company's finance department and has not been audited [8]. - The specific financial data for 2024 will be detailed in the company's annual report, urging investors to make cautious decisions and be aware of investment risks [8].