Financial Performance - The company's net profit for 2024 is expected to be between RMB 27 million and RMB 33 million, representing a decline of 67.62% compared to the same period last year, where the profit was RMB 83.39 million[3]. - The net profit after deducting non-recurring gains and losses is projected to be between RMB 10 million and RMB 15 million, a decrease of 86.47% from RMB 73.88 million in the previous year[3]. - The decline in performance is attributed to stricter regulatory measures in the electric two-wheeler sector and a reduction in market demand starting from April 2024[5]. - The company's largest customer, Yadea Holdings, reported a projected net profit of RMB 1.2 billion to RMB 1.4 billion for 2024, down from RMB 2.64 billion in the previous year due to decreased sales and lower prices of existing models[5]. Operational Changes - The company has increased its R&D personnel by over 20% year-on-year to support rapid expansion and improve operational efficiency, which has contributed to rising costs[6]. - The implementation of the "Electric Bicycle Safety Technical Specifications" on September 1, 2025, and the continuation of the old-for-new electric vehicle consumption activity are expected to drive industry development[6]. - The company aims to accelerate innovation and business development to facilitate performance recovery in 2024[6]. Investor Guidance - The financial data for 2024 will be detailed in the annual report, and investors are advised to make cautious decisions[7].
协昌科技(301418) - 2024 Q4 - 年度业绩预告