KSTAR(002518)2025-01-22 09:35Financial Performance Forecast - The estimated net profit for 2024 is projected to be between 37 million and 47 million CNY, representing a decline of 44.41% to 56.24% compared to the previous year's profit of 84.55 million CNY[3] - The net profit after deducting non-recurring gains and losses is expected to be between 32 million and 42 million CNY, a decrease of 48.67% to 60.89% from last year's 81.82 million CNY[3] - The basic earnings per share is forecasted to be between 0.64 CNY and 0.81 CNY, down from 1.45 CNY in the previous year[3] Market Conditions - The decline in performance is primarily attributed to a slowdown in market demand for household storage in Europe and inventory pressure on downstream customers, leading to a significant reduction in household storage shipments[6] Impairment and Financial Reporting - The company has increased the provision for credit impairment losses on accounts receivable due to delays in receiving state subsidies for its photovoltaic power stations, further impacting net profit[6] - The financial data in this earnings forecast has not been audited by an accounting firm, and the company has communicated with its auditors regarding this forecast without major discrepancies[4] Investor Advisory - Investors are advised to be cautious as the data presented is preliminary and will be detailed in the company's 2024 annual report[7]