Profit Forecast and Decline - The company forecasts a net profit attributable to shareholders between 11 million to 16 million CNY, representing a decline of 69.38% to 78.95% compared to the previous year's net profit of 52.26 million CNY[3]. - The primary reasons for the profit decline include extended payment cycles in the downstream photovoltaic industry, leading to increased bad debt provisions[4]. - Increased interest expenses from project loans related to the new factory of Jiaxing Kunbo Material Forming Technology Co., Ltd. further contributed to the profit reduction[4]. Revenue and Operational Challenges - The company's single crystal silicon vacuum growth furnace business has shrunk due to an imbalance in supply and demand within the photovoltaic industry, resulting in a significant drop in revenue[4]. - The production capacity utilization rate of the new factories did not meet expectations, leading to compressed profit margins amid declining revenue[4]. - New factories of subsidiaries Jiaxing Kunbo New Energy Equipment Manufacturing Co., Ltd. and Jiaxing Kunbo Material Forming Technology Co., Ltd. commenced operations in 2024, incurring high fixed asset depreciation costs[4]. Financial Reporting - The financial data presented is preliminary and has not been audited by an accounting firm, thus it does not constitute a performance commitment to investors[5].
坤博精工(873570) - 2024 Q4 - 年度业绩预告