Cynda(603086)2024-07-09 09:44Financial Performance - The company expects a net profit attributable to shareholders for the first half of 2024 to be between -2.9 million and 2.1 million yuan, representing a decrease of 44.5 million to 50.5 million yuan compared to the same period last year, a year-on-year decline of 95.59% to 106.09%[3]. - In the first half of 2023, the company reported a net profit attributable to shareholders of 51.55 million yuan, with a net profit of 47.59 million yuan after deducting non-recurring gains and losses[6]. Market Conditions - The significant decline in profitability is attributed to the continued low prices of pesticide products in the industry and intensified market competition[15]. Strategic Responses - The company is actively responding to challenges by enhancing technological transformation, expanding overseas markets, and strengthening domestic marketing efforts to improve profitability[15]. - The company has seen a year-on-year increase in export volume of some key products and sales in the domestic formulation market in the second quarter[15]. - The company is committed to cost reduction and efficiency improvement, maintaining stable overall production and operations[15]. Forecast and Risks - The performance forecast has not been audited by an accounting firm, and the data is preliminary[5]. - The company has not identified any major uncertainties that could affect the accuracy of this performance forecast[16]. - Investors are advised to pay attention to investment risks as the forecast data is subject to change and the final financial data will be disclosed in the official half-year report[17].