Xiantong Stock(603239)2024-07-01 07:37Financial Performance Expectations - The company expects a net profit attributable to shareholders for the first half of 2024 to be between 88 million and 95 million CNY, representing a year-on-year increase of 63.63% to 76.65%[10]. - The net profit after deducting non-recurring gains and losses is projected to be between 86.5 million and 93.5 million CNY, with a year-on-year increase of 65.68% to 79.06%[10]. - The preliminary estimated net profit for the first half of 2024 is expected to increase by 34.22 million to 41.22 million CNY compared to the same period last year[6]. - The company reported a total profit of 59.15 million CNY and a net profit attributable to shareholders of 53.78 million CNY for the previous year[13]. Operational Insights - The company has seen a continuous increase in customer orders driven by the growth of the new energy vehicle industry, contributing to rising operating revenue[13]. - The company has optimized product performance and quality, resulting in an improved product yield rate[13]. - The company anticipates a decrease in expense ratio alongside the growth in operating revenue[13]. Financial Data and Risks - The preliminary financial data has not been audited by an accounting firm and is subject to change[12]. - The company has not identified any significant uncertainties that could impact the accuracy of the profit forecast[13]. - Investors are advised to pay attention to investment risks as the final financial data will be disclosed in the official half-year report[13].