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时代万恒2024年电池业务面临多重挑战 今年经营目标实现营收5.3亿元

Core Viewpoint - The company reported a significant decline in revenue and net profit for the year 2024, primarily due to various market challenges and competitive pressures in the lithium battery sector [1][2]. Group 1: Financial Performance - In 2024, the company achieved an operating income of 401 million yuan, a decrease of 38.69% compared to the previous year [1]. - The net profit for 2024 was 19.38 million yuan, down 68.03% year-on-year, with basic earnings per share at 0.07 yuan [1]. - The main business revenue was 397 million yuan, with a cost of 280 million yuan, resulting in a gross margin of 29.57% for the lithium battery manufacturing segment [1]. Group 2: Business Operations - The company has transitioned from traditional garment processing and real estate development to focus on the research, production, and sales of new energy batteries, specifically lithium-ion and nickel-hydride batteries [1]. - The company operates through two main entities: Jiuyi Lithium Energy, which focuses on lithium-ion batteries, and Jiuyi Energy, which specializes in nickel-hydride batteries [1]. Group 3: Market Challenges - The lithium battery business faced multiple challenges in 2024, including economic cycle fluctuations, a downturn in downstream consumer markets, cautious customer ordering, and increased competition [2]. - The company proactively reduced supply to certain customers to mitigate accounts receivable risks, which impacted sales volume [2]. - Currency exchange rate fluctuations led to a decrease in foreign exchange gains, while falling raw material prices resulted in lower product prices, further compressing revenue [2]. Group 4: Strategic Initiatives - To address the challenges, the company implemented measures in product innovation, cost control, and market expansion [2]. - The company increased R&D efforts to develop high-performance products that meet market demands, particularly in the electric tool sector [2]. - Cost control was achieved through optimizing production processes and material substitutions, while market expansion efforts focused on securing existing partnerships and exploring new markets [2]. Group 5: Nickel-Hydride Battery Segment - The nickel-hydride battery segment maintained stable profitability through quality assurance, new material replacements, and supply chain security [3]. - The company is diversifying application scenarios for nickel-hydride batteries, targeting markets such as automotive T-BOX and medical devices [3]. - Despite a slow decline in traditional applications, the nickel-hydride battery market remains competitive due to its established technology and stable demand in various applications [3]. Group 6: Future Outlook - The company has set a cautious operating budget for 2025, targeting an operating income of 530 million yuan and an operating cost of 372 million yuan, with expected expenses of 135 million yuan [4]. - The company anticipates achieving operational profitability in 2025 [4].