曼恩斯特业绩预告大幅下修：投入加大库存积压 锂电涂布核心业务超预期承压

Core Viewpoint - Shenzhen Manns Technology Co., Ltd. has revised its 2024 net profit forecast down from 50 million to 70 million yuan to 30 million to 38 million yuan, indicating significant challenges in its business operations and market conditions [1][2]. Group 1: Financial Performance - The company reported a shift from expected profit to a projected loss of 5 million to 10 million yuan after excluding non-recurring gains and losses [1]. - The revenue for 2023 was 795 million yuan, and if 2024 revenue reaches 1.5 billion to 1.8 billion yuan, accounts receivable may expand significantly, leading to a potential decline in turnover rate [2]. - By the end of Q3 2024, the company's asset-liability ratio increased to 37.21%, indicating a reliance on external financing to maintain operations if accounts receivable collection continues to lag [2]. Group 2: Business Challenges - The company is facing increased inventory impairment pressure due to unclear demand for new products in the coating application and energy systems sectors, exacerbated by market environment changes [1][2]. - The lithium battery sector, which has been a core business area, is experiencing a slowdown in revenue growth and profitability due to overcapacity among domestic battery manufacturers and increased competition [2]. - The company's new business ventures in perovskite solar energy and hydrogen energy are still in the investment phase and are unlikely to contribute to profits in the short term, creating a disparity between investment and returns [3]. Group 3: Market Sentiment - The company's stock price has significantly fallen below its issue price, resulting in a market capitalization reduction to 7 billion yuan, which may hinder the recovery of market confidence if current challenges are not effectively addressed [3].