DELI issued a profit warning, expecting a net loss of 125 million to 160 million yuan for the year 2024
I'm LongbridgeAI, I can summarize articles.DELI expects a net loss of 125 million to 160 million yuan for the fiscal year 2024. Due to the cyclical impact of the photovoltaic industry and fluctuations in product prices, its subsidiary, Bengbu DELI Photovoltaic Materials Co., Ltd., incurred a loss of nearly 100 million yuan. The fluctuation in the prices of major mineral raw materials has led to a slow decline in product costs. Although the gross profit of some products stabilized in the first half of the year, intensified market competition and slight adjustments in product prices resulted in a comprehensive gross profit margin decrease of 3.7% compared to the same period last year
According to the Zhitong Finance APP, DELI (002571.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of between 125 million yuan and 160 million yuan for the year. After the ignition and production of its wholly-owned subsidiary, Bengbu Deli Photovoltaic Materials Co., Ltd., the product quality and production efficiency have reached an advanced level in the industry. However, due to the overall cyclical impact of the photovoltaic industry, the product prices experienced significant fluctuations throughout the year, and the gross profit margin did not meet expectations, resulting in a loss of nearly 100 million yuan for this subsidiary in the current year.
The prices of major mineral raw materials fluctuated significantly this year, causing the company's product costs to decline slowly. Although some of the company's products maintained a relatively stable gross profit level in the first half of the year, due to intensified market competition, product prices were slightly adjusted in the second half of the year. At the same time, the gross profit of Bengbu Deli Photovoltaic Materials Co., Ltd. did not meet expectations, leading to a comprehensive impact that caused the company's overall gross profit margin to decrease by 3.7% compared to the same period last year
