Farasis Energy(SH:688567)2025-01-24 11:45Financial Performance - The company expects a net loss attributable to shareholders for 2024 to be between -351.63 million and -234.42 million CNY, a reduction in loss of 81.17% to 87.45% compared to the previous year[4]. - The net loss attributable to shareholders after deducting non-recurring gains and losses is projected to be between -399.41 million and -282.21 million CNY, reflecting a decrease in loss of 77.06% to 83.79% year-on-year[4]. - In 2023, the total profit was -2.13 billion CNY, with a net loss attributable to shareholders of -1.87 billion CNY[6]. Operational Improvements - The company achieved a significant improvement in gross margin due to enhanced lean manufacturing management and effective cost control measures[8]. Market Expansion - The company plans to actively expand its customer base, particularly targeting high-end automotive clients domestically and internationally, to increase revenue[9]. Product Development and Production - The company aims to accelerate the mass production of its SPS lithium iron phosphate products in 2025, marking a significant supply year[12]. - The second-generation semi-solid battery is expected to enter mass production in 2025, alongside the development of the third-generation battery for automotive applications[12]. - The company is the first to deliver eVTOL products to end customers, with plans to increase eVTOL battery shipments and expand its customer base in 2025[12]. - The company has made significant progress in the industrialization of all-solid-state batteries, with plans for large-scale validation in 2025[12]. - The company is committed to a multi-category product strategy covering various battery technologies, including ternary, lithium iron phosphate, sodium, semi-solid, and all-solid-state batteries[13].