Financial Performance Expectations - The company expects a net loss of approximately RMB 150 million to RMB 195 million for the fiscal year 2024, compared to a profit of RMB 56.24 million in the same period last year [2]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of RMB 163 million to RMB 208 million, down from a profit of RMB 55.59 million in the previous year [2]. - The company emphasizes that the performance forecast data is preliminary and has not been audited by an accounting firm [7]. Asset Impairment Provisions - The company plans to recognize an asset impairment provision of approximately RMB 119 million to RMB 161 million for fixed assets due to low capacity utilization in its lithium battery material subsidiary [5]. - The company anticipates a long-term equity investment impairment provision of RMB 35 million to RMB 45 million related to its investment in Jiangsu Shenqichen Technology Co., Ltd. due to slower commercialization of hydrogen fuel cells [5]. - The final amount of asset impairment losses will be determined after evaluation and audit by qualified institutions [7]. Revenue and Cost Challenges - The sales revenue of Shenqichen for 2022, 2023, and 2024 is expected to reach only 50% to 90% of the set targets, triggering a transfer of 10% equity to the company valued at approximately RMB 5 million to RMB 7 million [6]. - The company is facing increased costs due to depreciation and amortization as its fundraising projects gradually come into operation [4]. - The main product revenue and gross profit from the vehicle-mounted liquefied natural gas supply system have declined year-on-year due to intensified competition and falling market prices [4]. Investment Caution - Investors are advised to exercise caution and consider investment risks based on the company's official annual report [7].
致远新能(300985) - 2024 Q4 - 年度业绩预告