YUNNEI POWER(SZ:000903)2025-01-22 09:20Financial Performance - The company expects a net loss of 900 million yuan for the fiscal year 2024, compared to a loss of 1.254 billion yuan in the same period last year[2]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of 930 million yuan, down from a loss of 1.284 billion yuan year-over-year[2]. - Basic earnings per share are expected to be a loss of 0.47 yuan, compared to a loss of 0.64 yuan in the previous year[2]. Market Conditions - The decline in sales and revenue is attributed to increased penetration of the new energy vehicle market and slow recovery in the end market, leading to higher inventory pressure[4]. Research and Development - The company has increased R&D spending to enhance product quality and reduce costs, resulting in improved gross margin per engine compared to last year[5]. - New energy products, including hybrid and natural gas engines, are being actively developed and promoted in the market[5]. - The company is advancing projects such as the "Intelligent Rubber Cutting Machine" and "L4 Level Intelligent Logistics Distribution Vehicle" to support its transformation and upgrade[5]. Financial Reporting - The company faces uncertainties regarding asset impairment provisions, which may affect the accuracy of the earnings forecast[6]. - The financial data provided is preliminary and will be finalized in the upcoming 2024 annual report[7].