Beijing Tianyishangjia New Material Corp. announced that it is expected to incur a net loss of 0.58 to 0.6 billion yuan in the first three quarters of 2024, turning a year-on-year loss. The company achieved a net income of 0.236 billion yuan in the first three quarters of 2023. During the reporting period, the company's rail transit business had a relatively high winning bid amount and strong overall market competitiveness; the demand for consumable products in the downstream of the photovoltaic industry chain for monocrystalline silicon pulling has not shown significant improvement, affecting the company's photovoltaic new energy sector business; due to factors such as lingering low product prices, provision for inventory impairment, depreciation and amortization expenses, and increased financing costs, company's revenue and net income significantly declined compared to the same period.