PRET(SZ:002324) Shang Hai Zheng Quan Bao·2025-04-08 23:28Core Viewpoint - Shanghai Pulite Composite Materials Co., Ltd. reported a significant decline in its 2024 annual performance, primarily due to the downturn in the new energy sector and increased competition in the lithium battery market [4][10]. Financial Data Summary - The total operating revenue for 2024 was 831,353.69 thousand yuan, a decrease of 4.54% compared to the previous year [4]. - Operating profit fell to 14,333.51 thousand yuan, down 71.11% year-on-year [4]. - Total profit amounted to 13,548.36 thousand yuan, representing a 72.70% decline from the previous year [4]. - Net profit attributable to shareholders was 14,114.53 thousand yuan, a decrease of 69.86% compared to the same period last year [4]. Operational Performance and Financial Condition - The decline in net profit was attributed to several factors, including a slowdown in downstream demand in the new energy sector, significant price drops in lithium battery products, and depreciation costs from new production capacities in Qidong and Zhuhai bases [4]. - The company implemented stock incentive plans to attract and retain talent, which contributed to increased share-based payment expenses during the reporting period [4]. Performance Forecast for Q1 2025 - The company anticipates a positive performance for Q1 2025, with expected net profit growth driven by the continuous growth of its modified materials business and improved conditions in the new energy sector [10]. - The forecast indicates that the company has been enhancing its manufacturing capabilities and reducing unit costs, which has positively impacted its competitive position [10].