YUXING(SZ:300305)2025-01-23 08:00Financial Performance - Jiangsu Yuxing Film Technology Co., Ltd. expects a net loss of RMB 350 million to RMB 400 million for 2024, with a net loss of RMB 362 million to RMB 412 million after deducting non-recurring gains and losses[3]. - The company plans to recognize an asset impairment provision of approximately RMB 160 million for fixed assets showing signs of impairment and an interest expense of about RMB 34 million for convertible bonds[3]. Market Conditions - The decline in sales volume of photovoltaic polyester films is the primary reason for the revenue decrease, alongside increased product costs due to yield issues with new electronic optical polyester films[3]. - The functional polyester film industry is facing supply-demand imbalance and intense market competition, leading to a decline in product sales prices and insufficient operating rates[3]. Credit Rating and Monitoring - China Chengxin International Credit Rating Co., Ltd. will continue to monitor the company's product structure adjustments and market expansion of new products[4].