Changzhou Shichuang Energy (SH:688429)2025-02-27 08:00Financial Performance - In 2024, the company achieved total operating revenue of 71,064.07 million yuan, a decrease of 58.94% compared to the same period last year[5] - Operating profit was -76,546.32 million yuan, down 516.78% year-on-year, while total profit was -76,725.30 million yuan, a decline of 498.53%[5] - The net profit attributable to the parent company was -62,827.85 million yuan, a decrease of 455.16% year-on-year, and the net profit after deducting non-recurring gains and losses was -63,992.09 million yuan, down 569.58%[5] - Basic earnings per share were -1.58 yuan, a decline of 436.17% compared to the previous year, and the weighted average return on net assets was -31.38%, a decrease of 40.98 percentage points[5] Assets and Investments - As of the end of the reporting period, total assets amounted to 492,959.50 million yuan, an increase of 44.25% from the beginning of the period[11] - The company is currently constructing a 4GW silicon wafer and a 4GW crystalline silicon solar cell manufacturing project, contributing to the increase in fixed assets[11] Industry Trends and Challenges - The decline in revenue was primarily due to a downward trend in the photovoltaic industry, leading to reduced prices and sales volumes of the company's main product, solar cells[10] - The company has recognized asset impairment provisions for equipment related to the PERC production line due to rapid technological iterations in the photovoltaic industry[9] Research and Development - The company has increased its R&D investment to drive continuous product iteration and innovation, resulting in higher R&D expenses[9] Caution for Investors - Investors are advised to exercise caution as the financial data presented is preliminary and unaudited, with final figures to be disclosed in the audited annual report[12]