Xinzhi Group(002664)2025-01-24 09:55Financial Performance - The net profit attributable to shareholders for the fiscal year 2024 is expected to be between 17 million and 23 million CNY, representing a decrease of approximately 93% compared to the previous year's profit of 242.74 million CNY[3] - The net profit after deducting non-recurring gains and losses is projected to be between 15 million and 23 million CNY, reflecting a decline of about 94% from the previous year's figure of 252.32 million CNY[3] - The basic earnings per share is anticipated to be between 0.04 CNY and 0.06 CNY, down from 0.60 CNY in the same period last year[3] Factors Affecting Performance - The decline in performance is attributed to intensified competition in the automotive and electric vehicle parts industry, as well as a decrease in product sales prices compared to the previous year[5] - The company's production output for the current period did not meet expectations, contributing to a decrease in product gross margin[6] - Increased investment in the new energy components sector has led to higher interest expenses due to additional loans, negatively impacting operational results[6] Caution for Investors - The performance forecast data is based on preliminary calculations and may differ from the final figures in the 2024 annual report[7] - Investors are advised to exercise caution and consider investment risks due to potential discrepancies in the financial data[7]