Beijing Tianyishangjia New Material Corp., (688033.SH) announced that, according to preliminary calculations by the finance department, it is expected to achieve revenue of 620 million yuan to 660 million yuan in the first three quarters of 2024. Compared with the same period last year (disclosed statutory data), it is expected to decrease by 1106.8279 million yuan to 1146.8279 million yuan, a year-on-year decrease of 62.64% to 64.91%. It is expected to achieve a net income attributable to shareholders of the listed company of -580 million yuan to -600 million yuan in the first three quarters of 2024. Compared with the same period last year (disclosed statutory data), it is expected to decrease by 816.4279 million yuan to 836.4279 million yuan, a year-on-year decrease of 345.32% to 353.78%. It is expected to achieve a net income attributable to shareholders of the listed company excluding non-recurring gains and losses of -610 million yuan to -630 million yuan in the first three quarters of 2024. Compared with the same period last year (disclosed statutory data), it is expected to decrease by 827.9607 million yuan to 847.9607 million yuan, a year-on-year decrease of 379.87% to 389.04%.
During the reporting period, the company's rail transit business had a relatively high amount of winning bids, with strong overall market competitiveness. Constrained by the cyclical impact of the photovoltaic industry, there has not been a clear improvement in demand for monocrystalline pulling consumables in the downstream of the photovoltaic industry chain, affecting the company's photovoltaic new energy sector business. Due to factors such as stagnating product prices, provision for inventory impairment, depreciation and amortization expenses, and increased financing costs, the company's operating income and net income during the reporting period decreased significantly compared to the same period.
