---
title: "Tongling Electric issued a profit warning, with a net profit for the year 2024 expected to be between 66 million and 90 million yuan, a year-on-year decrease of 45.45%-59.99%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225529417.md"
description: "Tongling Electric released its 2024 performance forecast, expecting a net profit of 66 million to 90 million yuan, a year-on-year decrease of 45.45%-59.99%. The main reasons are the decline in photovoltaic module prices and the high volatility of copper prices, leading to a decrease in profitability. The company will enhance production efficiency, control costs, and increase investment in new product research and development, while also entering the automotive parts market to strengthen profitability and risk resistance"
datetime: "2025-01-20T09:17:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225529417.md)
  - [en](https://longbridge.com/en/news/225529417.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225529417.md)
---

# Tongling Electric issued a profit warning, with a net profit for the year 2024 expected to be between 66 million and 90 million yuan, a year-on-year decrease of 45.45%-59.99%

According to the Zhitong Finance APP, Tongling Electric (301168.SZ) released its 2024 annual performance forecast, expecting a net profit attributable to shareholders of the listed company to be between 66 million yuan and 90 million yuan, a year-on-year decrease of 45.45%-59.99%.

Reasons for performance changes: In 2024, due to the decline in prices of downstream photovoltaic modules, the prices of various upstream auxiliary materials have generally decreased, putting pressure on profits across the entire photovoltaic industry chain, with the average price of junction boxes significantly lower than in 2023; in 2024, as one of the main materials for the company's main products, copper prices have remained high and volatile. The combination of these two factors has led to a decline in the company's profitability in 2024. In response, the company is actively taking measures to improve production efficiency and the automation rate of the production process, effectively controlling overall production costs and maintaining the company's core competitiveness in the photovoltaic junction box field; at the same time, the company is increasing investment in research and development of new products and technologies to ensure the continuous improvement of its sustainable development capabilities; in 2024, the company successfully entered the new track of automotive parts and achieved certain performance contributions, alleviating the operational pressure of the company's single product structure and enhancing its profitability and risk resistance capabilities

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