WTECL(SH:600157)2024-06-26 10:11Financial Performance Forecast - The company expects a net profit attributable to shareholders for the first half of 2024 to be between 1,160 million and 1,260 million CNY, representing a year-on-year growth of 14.54% to 24.41%[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 1,110 million and 1,210 million CNY, reflecting a year-on-year increase of 10.46% to 20.41%[5] - The second quarter of 2024 is expected to yield a net profit of 693.38 million to 793.38 million CNY, a year-on-year increase of 16.74% to 33.58%[4] - The first quarter of 2024 saw a net profit of 466.61 million CNY, indicating a strong upward trend in profitability[6] - There are no significant uncertainties affecting the accuracy of the performance forecast[7] Business Operations and Growth - The coal business continues to maintain a good profit margin, with stable production levels and enhanced operational efficiency contributing to overall performance[3] - The power business has seen improved operational efficiency, becoming a new profit growth point due to favorable coal prices and strategic measures implemented[3] - The company attributes its performance growth to the complementary advantages of its coal and power businesses, with increased power generation and reduced coal procurement costs[7] Project Developments - The Haizetang coal mine project is progressing ahead of schedule, with an expected annual revenue increase of approximately 9 billion CNY and a net profit increase of about 4.4 billion CNY once fully operational[4] - The company’s energy storage projects are on track, with a new production line for vanadium pentoxide expected to start production in Q4 2024, enhancing new production capabilities[4]