---
title: "Sichuan Tianwei Electronics reported a net loss of 19.5573 million yuan for the year 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229909172.md"
description: "Sichuan Tianwei Electronics released its 2024 annual performance preliminary report, showing total operating revenue of 81.4572 million yuan during the reporting period, a year-on-year decrease of 42.02%, and a net loss attributable to the parent company of 19.5573 million yuan. The demand for major products was affected by the annual tasks of complete vehicles and national macro policies, leading to a decrease in orders and revenue. At the same time, the increase in impairment provisions, reduction in government subsidies, and rise in R&D expenses also had a negative impact on performance"
datetime: "2025-02-27T12:08:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229909172.md)
  - [en](https://longbridge.com/en/news/229909172.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229909172.md)
---

# Sichuan Tianwei Electronics reported a net loss of 19.5573 million yuan for the year 2024

According to the Zhitong Finance APP, Sichuan Tianwei Electronics (688511.SH) released its performance report for the year 2024. During the reporting period, the company achieved total operating revenue of 81.4572 million yuan, a year-on-year decrease of 42.02%, with a net loss attributable to the parent company of 19.5573 million yuan. The company's main product, the fire extinguishing and explosion suppression system, is a subsystem of the complete vehicle, and its demand is influenced by the annual tasks of the complete vehicle, which are affected by national macro policies. The delivery of the products is influenced by the production schedule of the assembly plants, and there are differences in the production plans and schedules of each assembly plant. Additionally, the revenue from commissioned research and development projects is also affected by the acceptance quantity, scale, and final acceptance time, leading to a decrease in orders and revenue in 2024. At the same time, the company is impacted by a significant increase in impairment provisions, a substantial decrease in government subsidies, revenue adjustments, and increased research and development expenses

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