ZJJH(600160)2024-07-09 08:03Profit Growth and Financial Performance - Net profit attributable to shareholders is expected to be between 740 million to 880 million yuan, an increase of 250 million to 390 million yuan, representing a year-on-year growth of 51% to 80%[2] - Adjusted net profit (excluding non-recurring gains and losses) is expected to be between 700 million to 840 million yuan, an increase of 244 million to 384 million yuan, representing a year-on-year growth of 53% to 84%[2] - The preliminary financial data is subject to change, and the final accurate financial data will be disclosed in the company's 2024 semi-annual report[5] Market Dynamics and Product Performance - The increase in profit is primarily driven by stable growth in production, sales, and revenue of main products, with fluorinated refrigerant prices rising year-on-year, offsetting the decline in prices of fluoropolymer materials, food packaging materials, and basic chemical products[4] - Fluoropolymer materials, food packaging materials, and basic chemical products experienced significant price declines due to oversupply and weak demand[4] Fluorinated Refrigerant Market Trends - The implementation of production quotas for third-generation fluorinated refrigerants (HFCs) starting January 1, 2024, has alleviated the oversupply issue, leading to a recovery in HFC prices[4] - Second-generation fluorinated refrigerants (HCFCs) are expected to see further production quota cuts in 2025, driving price increases due to reduced supply and relatively rigid demand[4] Operational Efficiency and Competitive Advantage - The company maintains flexibility and efficiency in production and operations, leveraging its competitive advantages in the fluorinated refrigerant market and integrated industrial chain[4]