Guangdong Topstar Technology (300607.SZ) is expected to incur a loss of 180 million to 250 million yuan in performance in 2024. In the future, the company will focus on developing products such as Siasun Robot & Automation.

Guangdong Topstar Technology (300607.SZ) disclosed its performance forecast for the year 2024, expecting a net loss attributable to shareholders of the listed company of 180 million to 250 million yuan, and a net loss of 180 million to 260 million yuan after deducting non-recurring gains and losses, a year-on-year change from profit to loss. During the reporting period, the company actively adjusted its business structure, significantly reducing the scale of its intelligent energy and environmental management system business, which had a significant impact on net profit. The downstream customers of the company's intelligent energy and environmental management system business are mainly from the 3C, lithium battery, and photovoltaic industries. Some customers experienced delays in project acceptance and settlement due to intensified competition, overcapacity, and financial constraints, further adversely affecting the company's net profit. During the reporting period, the revenue of the intelligent energy and environmental management system business decreased by more than 50% compared to 2023, and its profitability declined significantly, resulting in a loss of approximately 200 million yuan (including impairment of accounts receivable and contract assets). During the reporting period, the company's product-related business revenue and gross profit increased, with their respective proportions also rising. However, due to the large scale of the above-mentioned project-related business, the growth of the product-related business could not offset the impact on net profit. In the future, the company will continue to focus on developing product-related businesses such as Siasun Robot&Automation, CNC machine tools, and injection molding machines, while gradually divesting from non-core businesses. The company will further shrink its intelligent energy and environmental management system business and adjust the equity of related subsidiaries. Currently, the company is planning to restructure its wholly-owned subsidiary related to the intelligent energy and environmental management system business into a holding subsidiary, with the company expected to hold 51% of the shares after the adjustment, while the business operation team holds 49%.