JoulWatt(688141)2025-01-20 13:55Revenue and Profit Projections - The company expects 2024 annual revenue to be between 1,620 million and 1,720 million RMB, representing a year-on-year growth of 24.93% to 32.64%[4]. - The projected net profit attributable to the parent company for 2024 is expected to be between -610 million and -510 million RMB, compared to -531.41 million RMB in 2023[4][5]. Sales and Product Development - The number of models sold by the company is expected to reach nearly 2,200 by the end of 2024, an increase of approximately 400 models from the end of 2023[6]. - The company has expanded its product categories and upstream and downstream collaborations by incorporating three companies into its consolidated financial statements[6]. - The company has introduced multiple new products in emerging application fields such as servers, new energy, computing, and automotive, which have been well received by customers[8]. Financial Performance and Expenses - The company's gross profit margin has decreased compared to the same period last year due to intensified market competition and pricing pressure[8]. - Research and development expenses, sales expenses, and management expenses have increased year-on-year due to investments in R&D, market expansion, and supply chain improvements[9]. - The company is currently conducting impairment tests on inventory, which may significantly impact the net profit for the period[10]. Financial Reporting and Accuracy - The financial data provided is preliminary and has not yet been audited by a registered accountant, with final figures to be disclosed in the audited annual report[11][13]. - The company emphasizes that there are no significant uncertainties affecting the accuracy of this earnings forecast[11].