Highbroad Advanced Material (Hefei) (301321)2025-01-24 14:06Financial Performance - The company expects a net loss of between 140 million and 200 million yuan for the fiscal year 2024, compared to a profit of 52.95 million yuan in the same period last year[4]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, is projected to be a loss of between 170 million and 240 million yuan, compared to a loss of 63.30 million yuan in the previous year[4]. Revenue and Costs - The overall revenue level shows a recovery trend compared to the previous year, but increased manufacturing costs due to new fixed asset investments and production ramp-up phases have negatively impacted gross margin[7]. - The company has recognized asset impairment of approximately 10 million yuan due to reduced capacity utilization and inventory write-downs of about 40 million yuan amid intense market competition[7]. - The company has increased bank borrowings to support business development, leading to higher interest expenses and increased depreciation costs from newly completed construction projects[7]. - The company is adjusting its product structure in response to market recovery, but the complexity of new product development has led to higher labor costs and scrap rates[7]. Government Support - Government cash subsidies received by the company's subsidiary amount to 170.52 million yuan, with 154 million yuan classified as industrial support funds[8]. Asset Impairment and Financial Estimates - The impairment provisions for assets are preliminary estimates and will be finalized after evaluation by assessment and audit agencies[9]. - The financial data in the earnings forecast is based on preliminary estimates and may differ from the final figures disclosed in the annual report[9]. - Investors are advised to exercise caution and consider investment risks due to the potential discrepancies in the financial data[9].