Financial Performance - The company's net profit for 2024 is projected to be between -58 million to -49 million RMB, a significant decrease of approximately -1211.28% to -1038.84% compared to the previous year's profit of 0.52 million RMB[3]. - The decline in net profit is primarily attributed to a downturn in the domestic commercial vehicle market, intensified competition, and a decrease in product prices to stabilize market share[4]. - The financial data presented is preliminary and has not been audited, with final figures to be disclosed in the 2024 annual report[5]. Cost and Expense Factors - High copper prices have not been compensated by major clients, leading to increased production costs and reduced gross margins[4]. - The company is experiencing high employee turnover, resulting in lower productivity and increased labor costs[4]. - Management expenses have risen due to the need for additional middle management personnel to support the expansion into the passenger vehicle harness market[4].
大地电气(870436) - 2024 Q4 - 年度业绩预告