Flat(601865)2025-01-23 09:05Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between 938 million and 1.076 billion RMB, a decrease of 1.684 billion to 1.822 billion RMB compared to the previous year, representing a decline of 61.00% to 66.00%[3]. - The net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between 916 million and 1.051 billion RMB, also reflecting a decrease of 1.643 billion to 1.778 billion RMB year-on-year, with the same percentage decline of 61.00% to 66.00%[4]. - In the previous year, the total profit was 3.052 billion RMB, with a net profit attributable to shareholders of the parent company of 2.760 billion RMB[6]. Reasons for Performance Decline - The decline in performance is primarily due to a continuous slump in photovoltaic module shipments and an oversupply of photovoltaic glass, leading to a significant drop in sales prices[7]. - The company has made provisions for asset impairment related to cold repairs of glass furnaces and certain photovoltaic glass inventories[7]. Mitigation Measures - Cost reduction and efficiency improvement measures have mitigated some of the decline in net profit[7]. Forecast Accuracy - There are currently no significant uncertainties affecting the accuracy of this performance forecast[8]. - The forecast data is preliminary and subject to final audited financial results to be disclosed in the 2024 annual report[9].