LianChuang Electron(002036)2025-01-21 10:00Financial Performance - The company forecasts a net loss for 2024 between CNY 550 million and CNY 280 million, with a net loss excluding non-recurring items between CNY 607.93 million and CNY 337.93 million [3] - Basic earnings per share are projected to be a loss of CNY 0.5153 to CNY 0.2623 [3] Reasons for Loss - Intense competition in the consumer electronics industry has led to low product gross margins [3] - High management, financial, and sales expenses have negatively impacted profits [3] - Significant R&D investments in automotive electronics have contributed to the losses [3] - Comprehensive asset impairment tests have been conducted, leading to provisions for potential losses [3] Business Outlook - The company expects improved profitability as the consumer electronics sector recovers and the scale of the smart driving industry grows [3] - The automotive optical business has a full order book, indicating a positive future outlook [3] - The Hefei automotive industrial park is projected to reach full production capacity by 2026 [3] Strategic Focus - The company plans to optimize its asset structure and enhance integrated supply chain management to control costs and improve profitability [3] - There is a shift in focus towards automotive business, with a reduction in the scale of touch display and mobile optical businesses [4] - The company aims to improve its financial structure by broadening financing channels and controlling debt levels [5] Future Plans - The company intends to leverage its optical expertise to drive market growth and enhance operational performance [5] - Continuous R&D investment and internal management improvements are prioritized to boost product quality and competitiveness in the global optical and optoelectronic industry [5]