Overall profitability is under pressure, Shenzhen Dynanonic (300769.SZ) is expected to incur a net loss of 1.26 to 1.45 billion yuan in 2024.

Shenzhen Dynanonic (300769.SZ) disclosed its performance forecast for 2024, with the company expecting a net loss attributable to shareholders of the listed company of 12.6 billion to 14.5 billion yuan; a net loss after deducting non-recurring gains and losses of 12.9 billion to 14.8 billion yuan. The announcement stated that the lithium iron phosphate industry has entered a phase of cyclical adjustment after a period of rapid development, with intensified industry competition and changes in the supply-demand structure of the industry chain. Although the company's product sales volume increased year-on-year, the sales price of the products decreased year-on-year due to factors such as fluctuations in the prices of major raw materials and market competition. This, combined with pressure on overall profitability due to factors such as asset impairment provisions, has led to the company's performance incurring losses.