西上海：2024年净利润同比预降62.74%—69.36%

Core Viewpoint - The company, Xishanghai (605151), expects a significant decline in net profit for 2024, projecting a range of 37 million to 45 million yuan, which represents a year-on-year decrease of 62.74% to 69.36% [1] Group 1: Financial Performance - The anticipated net profit for 2024 is between 37 million and 45 million yuan, indicating a substantial decline compared to the previous year [1] - The decrease in profit is attributed to a significant drop in sales from major traditional fuel vehicle customers, leading to reduced business volume for related subsidiaries [1] Group 2: Business Environment - The automotive parts manufacturing business has experienced a decline in comprehensive gross profit margin due to increased competition and price pressure within the automotive industry [1] - The overall business environment is characterized by intensified competition and price wars, which have adversely affected the company's profitability [1]