Leyard(SZ:300296)2025-01-23 12:08Financial Performance - The estimated net profit for 2024 is expected to be a loss of between 85 million and 110 million RMB, compared to a profit of 28.57 million RMB in the same period last year [3]. - The estimated loss after deducting non-recurring gains and losses is projected to be between 90 million and 115 million RMB, compared to a profit of 18.96 million RMB last year [3]. - The impact of non-recurring gains and losses on net profit is estimated to be around 50 million RMB for 2024 [5]. Impairment and Losses - The expected impairment loss on goodwill and identifiable intangible assets is estimated to be between 70 million and 80 million RMB due to market demand falling short of expectations and increased competition [5]. Cash Flow and Financial Management - The company anticipates a net operating cash flow of approximately 600 million RMB for 2024, with a focus on improving cash collection and financial management [6]. Revenue and Production - Micro LED revenue exceeded 800 million RMB, achieving a doubling of orders for two consecutive years, with a new production line for high-end MIP chips launched in November 2024 [6]. Strategic Initiatives - The company plans to enhance its overseas sales team and global layout while implementing a dual-brand strategy in the European and American markets [6]. - The company is focusing on cost reduction and efficiency improvement, with significant enhancements in production automation and management processes [8]. - The company is undergoing a strategic transformation in its business layout, aiming for stable operations amidst external uncertainties [6]. Technological Development - The company has developed core capabilities in AI and spatial computing, including proprietary optical positioning algorithms and machine vision algorithms [8].