Inner Mongolia OJing Science & Technology (001269.SZ) has forecasted a pre-loss, expecting a net loss of 450 million to 550 million yuan for the year 2024, a change from profit to loss compared to the previous year.

Inner Mongolia OJing Science & Technology (001269.SZ) released its performance forecast for the year 2024, expecting a net loss attributable to shareholders of the listed company of 450-550 million yuan, a year-on-year shift from profit to loss. In 2024, the solar industry market experienced significant fluctuations and imbalances between supply and demand. The downstream demand for quartz crucible products decreased significantly due to the impact of capacity clearance and destocking in the solar industry, leading to lower operating rates, declining product prices, increased provision for asset impairment, and a temporary loss in the company's operational performance.