Solartron Technology issued a profit warning, expecting a net profit of approximately 20.0485 million to 23.9405 million yuan in 2024, a year-on-year decrease of 74.91% to 78.99%

According to the Zhitong Finance APP, Solartron Technology (688299.SH) announced that the company expects to achieve a net profit attributable to the owners of the parent company of approximately 20.0485 million to 23.9405 million yuan in 2024. Compared to the same period last year (statutory disclosure data), this represents a decrease of 71.4798 million to 75.3718 million yuan, a year-on-year decrease of 74.91% to 78.99%.

During the reporting period, the company's main product, reflective film, maintained a stable base, but the company's projects such as membranes are still in the capacity ramp-up and construction period, with significant losses due to unreleased capacity. The company's management expenses and financial expenses increased compared to the same period last year, mainly due to increased management and interest expenses at its Hefei subsidiary. During the reporting period, there was a difference in the decline of the company's net profit before and after deducting non-recurring items, mainly due to a year-on-year decrease in various subsidies received by the company in 2024