UTIMES(SH:688638)2025-01-24 09:40Revenue Projections - The company expects 2024 annual revenue to be between 450 million and 530 million yuan, representing a decline of 52.62% to 59.77% compared to the previous year[3]. - The projected net loss attributable to the parent company for 2024 is between 99 million and 119 million yuan, indicating a loss compared to a net profit of 56.14 million yuan in the previous year[3][4]. - The expected net profit attributable to the parent company, excluding non-recurring gains and losses, is projected to be between 108 million and 128 million yuan in loss[3]. Factors Affecting Performance - The decrease in revenue is primarily due to a slowdown in downstream customer demand, resulting in fewer equipment acceptances and lower recognized revenue[5]. - Increased competition in the lithium battery equipment industry has led to a decline in product gross margins due to cost pressures from downstream enterprises[5]. - The company has experienced an increase in credit impairment losses and asset impairment losses compared to the previous year[5]. Financial Reporting - The financial data provided is preliminary and has not been audited by an accounting firm, with final figures to be disclosed in the audited annual report[8].