TGCF(301217)2025-01-21 08:36Financial Performance - The company expects a net loss of between 146 million and 180 million CNY for the fiscal year 2024, compared to a profit of 17.2 million CNY in the same period last year [3]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of between 171 million and 205 million CNY, compared to a loss of 26.25 million CNY in the previous year [3]. Production and Sales - The company produced approximately 55,000 tons of various copper foil products during the reporting period [5]. Market Conditions - The main reasons for the performance decline include intensified market competition leading to a significant drop in processing fee income and continuous pressure on product prices, resulting in decreased gross profit [5]. Asset Management - The company has recognized impairment provisions for assets showing signs of impairment according to accounting standards due to the decline in processing fee income [6]. - Increased sales scale and accounts receivable have led to the recognition of credit impairment losses on receivables [6]. Future Reporting - The specific data for the 2024 annual performance will be disclosed in detail in the company's annual report [7].