YANTAI TAYHO(SZ:002254)2025-01-24 09:40Financial Performance - The estimated net profit attributable to shareholders for 2024 is projected to be between 60 million and 90 million CNY, representing a decline of 81.98% to 72.98% compared to the previous year's profit of 333.04 million CNY[3] - The net profit after deducting non-recurring gains and losses is expected to be between 1 million and 10 million CNY, a decrease of 99.57% to 95.75% from the previous year's profit of 235.24 million CNY[3] - The basic earnings per share is forecasted to be between 0.07 CNY and 0.11 CNY, down from 0.39 CNY in the same period last year[3] Market Challenges - The company faces significant challenges in the spandex market due to high inventory levels and intense price competition, leading to a substantial decline in profitability[5] - The company has increased sales of spandex and aramid products through direct sales and customized services, despite the overall market downturn[5] Non-Recurring Items - Non-recurring gains and losses are expected to impact net profit by approximately 80 million CNY, primarily from government subsidies and investment income[6] Financial Reporting - The financial data presented is preliminary and has not been audited by the accounting firm, with final figures to be confirmed in the 2024 annual report[4][7] - The company emphasizes the importance of monitoring investment risks associated with the preliminary earnings forecast[7]