Do-Fluoride New Materials (002407.SZ) announces a forecasted net loss of 260-320 million yuan for the full year of 2024, compared to a profit in the previous year.

Do-Fluoride New Materials (002407.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of 260 million to 320 million yuan for the full year, a change from profit to loss compared to the previous year. During the forecast period, the company's operating performance suffered losses for the following reasons: 1. In the new energy battery sector, some production lines showed impairment indicators. The company conducted impairment tests based on industry trends, its own operating conditions, and prudent principles. In addition, the impact of impairment factors on some inventory is expected to total around 340 million yuan. 2. Intensified competition in the new energy materials and electronic information materials industry has led to low product prices. The company has been actively implementing cost-reduction and efficiency-improvement measures. Sales of its main products such as lithium hexafluorophosphate and new energy batteries have continued to grow, but the average selling prices of related products in 2024 have significantly decreased compared to 2023, resulting in lower-than-expected gross profit.