HIUV(SH:688680)2025-02-27 09:25Financial Performance - The total revenue for 2024 was RMB 2,590,756,975.66, a decrease of 46.82% compared to the previous year[5] - The net profit attributable to the parent company was a loss of RMB 545,435,699.05, representing an increase in loss of 138.63% year-over-year[5] - The total assets at the end of the reporting period were RMB 3,218,303,348.98, down 40.22% from the previous year[5] - The equity attributable to the parent company decreased by 26.31% to RMB 1,620,027,105.89[5] Market Conditions - The company faced intensified competition in the photovoltaic industry, leading to a decline in sales prices and gross margins for its film products[9] - The company implemented a cautious sales strategy, resulting in a decrease in film shipment volumes and factory operating rates[10] Product Development - The company launched six new film products and entered new markets with products like automotive dimming films and XPO leather, although these initiatives have not yet reached breakeven[11] Cash Flow and Financial Management - Operating cash flow turned positive in 2024, despite increased interest expenses from convertible bonds and discounted notes[11] - The company conducted impairment tests on fixed assets and strictly followed accounting standards to recognize asset impairment losses[9] Reporting and Auditing - The financial data presented is preliminary and unaudited, with final figures subject to change in the annual report[12]