EGING PV(600537)2024-07-09 14:40Profitability and Financial Performance - The company expects a net profit attributable to the parent company's owners of -4.00 billion to -6.00 billion yuan for the first half of 2024, indicating a loss compared to the same period last year[3][10] - The net profit attributable to the parent company's owners after deducting non-recurring gains and losses is expected to be -4.05 billion to -6.05 billion yuan for the first half of 2024[6][18] - In the same period last year, the net profit attributable to the parent company's owners was 2.85 billion yuan, with a net profit after deducting non-recurring gains and losses of 3.22 billion yuan[13][17] - The company's profitability declined due to the continuous drop in product prices across the photovoltaic industry chain, influenced by macroeconomic factors and intense market competition[7] - The photovoltaic industry experienced a mismatch between supply and demand due to accelerated capacity expansion, leading to a decline in overall industry gross profit and profitability[7] Strategic Initiatives and Operational Focus - The company has been focusing on cost reduction, efficiency improvement, and quality enhancement, while also advancing technological R&D and innovation, and launching new products[7] - The company has expanded its supply chain and sales channels in multiple dimensions to stimulate new productive forces[7] Regulatory and Reporting Adjustments - The company has adjusted the previous year's figures in accordance with the revised rules on non-recurring gains and losses issued by the China Securities Regulatory Commission[15] - The preliminary financial data is subject to change, and the accurate financial figures will be disclosed in the company's official 2024 semi-annual report[9]