Financial Performance - The company expects a net profit attributable to shareholders in the range of CNY 12 million to CNY 14 million, representing a decrease of approximately 81.56% to 78.49% compared to the same period last year, where the profit was CNY 65.08 million[4]. - The decline in performance is attributed to a complex international situation, ongoing COVID-19 pandemic effects, and weakened consumer confidence, leading to reduced demand in the home appliance market[5]. Market Conditions - The company faced increased competition and fluctuating prices in the upstream steel industry, which, combined with weak terminal consumption, resulted in decreased orders and squeezed profit margins[6]. Operational Developments - A full subsidiary, Wuhu Shibibai New Materials Co., Ltd., completed its first-phase project and commenced operations by year-end, which has led to a reduction in the utilization of previously restricted production lines[6]. - The company has recognized impairment losses on fixed assets due to reduced production capacity from restricted production lines, reflecting a cautious approach to asset management[6]. Financial Reporting - The financial data presented is preliminary and unaudited, and investors are advised to refer to the official annual report for confirmed figures and to exercise caution in their investment decisions[7].
拾比佰(831768) - 2022 Q4 - 年度业绩预告