NARADA(SZ:300068)2025-01-24 10:04Financial Performance Expectations - The company expects a net loss of between 120 million and 156 million RMB for the fiscal year 2024, compared to a profit of 35.976 million RMB in the same period last year [2]. - The projected operating revenue for 2024 is between 840 million and 950 million RMB, a significant decrease from 1,466.5629 million RMB in the previous year [2]. - The net profit after deducting non-recurring gains and losses is expected to be a loss of between 140 million and 176 million RMB, down from a profit of 44.8538 million RMB last year [2]. Factors Affecting Performance - The decline in performance is attributed to reduced supply of retired batteries due to advancements in battery technology, leading to a decrease in the profitability of the lead recycling business [4]. - The lithium battery product sales revenue has significantly decreased due to intensified competition and a sharp drop in raw material prices, impacting the overall sales performance [5]. - The company has chosen to selectively abandon low-margin orders, which has further contributed to the decline in revenue and capacity utilization, especially in the fourth quarter [5]. - The company is facing uncertainties in local subsidy policies, which have affected the profitability of the lead recycling business in the fourth quarter [4]. Financial Adjustments and Provisions - The company has increased impairment provisions for goodwill, inventory, and fixed assets based on a cautious approach [5]. - Non-recurring gains and losses are expected to be impacted by approximately 200 million RMB due to the disposal of certain long-term equity investments [6]. - The detailed financial data will be disclosed in the company's 2024 annual report, urging investors to make cautious decisions [7].