欧晶科技(001269) - 2024 Q4 - 年度业绩预告

Financial Performance Expectations - The company expects a net profit loss of between -550 million to -450 million yuan for 2024, a year-on-year decline of 168.81% to 184.11% compared to a profit of 653.93 million yuan in the previous year[2]. - The upper limit of the expected loss for 2024 accounts for 30.38% of the company's net assets as of the end of 2023[2]. Industry Challenges - The primary reason for the expected loss is the imbalance of supply and demand in the photovoltaic industry, leading to a significant decrease in demand for quartz crucible products from downstream customers[2]. - The company has faced increased impairment provisions due to high procurement costs of raw materials in the past[2]. - The overall business situation assessment score is 3 out of 7, reflecting challenges in the current macro environment and industry risks[5]. Financial Health and Credit Rating - As of September 2024, the company's asset-liability ratio was 47.72%, with total cash assets amounting to 860 million yuan and total debt of 896 million yuan[3]. - The company maintains its credit rating at AA- with a stable outlook, and the credit rating for "Ou Jing Convertible Bond" is also maintained at AA-[3]. - The financial condition assessment score is 9 out of 9, indicating a strong financial status[5]. Operational Monitoring - The company will continue to monitor its operational performance and cash flow situation closely[3]. - The balance of "Ou Jing Convertible Bond" as of January 23, 2025, is 469 million yuan, with a maturity date of November 24, 2029[3].