Conch New Material(000619)2025-01-05 07:35Financial Performance - The company expects a net profit loss of between 100 million and 70 million yuan for the year 2024, compared to a loss of 18.59 million yuan in the same period last year [2]. - The projected operating revenue for 2024 is between 500 million and 570 million yuan, down from 579.63 million yuan in the previous year [2]. - The financial data presented is preliminary and will be detailed in the 2024 annual report [5]. Market Expansion and Projects - The company aims to enhance market expansion in aluminum materials, SCR denitration catalysts, ecological flooring, and custom furniture [3]. - New projects, including the Wuhu Conch Eco Home Technology Co. custom furniture expansion and high-end smart door and window projects, have successfully commenced production [4]. Operational Challenges and Strategies - The decline in sales of plastic profiles is attributed to the impact of the real estate market and increased market competition [4]. - The company is focused on cost reduction and efficiency improvement initiatives [3]. - The company completed a specific issuance of A-shares in 2023 to strengthen its financial position and optimize its capital structure [4].