BHCC(600800)2024-07-10 09:48Financial Performance - The company expects a net loss attributable to shareholders of approximately -329 million to -314 million CNY for the first half of 2024 [3]. - The expected net loss attributable to shareholders, excluding non-recurring gains and losses, is approximately -334 million to -319 million CNY for the same period [3]. - In the same period last year, the net loss attributable to shareholders was -266.2 million CNY, indicating a worsening performance year-over-year [5]. Pricing and Production - The average selling price of propylene in the first half of 2024 was 6,833 CNY/ton, a 4.93% increase compared to 6,512 CNY/ton in the first half of 2023 [7]. - The average price of propane (CP index) remained high at 609.17 USD, contributing to negative gross margins for propylene products [7]. - The production time in the first half of 2024 was 163 days, compared to 72 days in the same period last year, impacting the loss increase [7]. Future Outlook and Caution - The company is in the final stage of industrialization for other new material products, which have not yet generated economic benefits [7]. - The company emphasizes that the performance forecast is based on preliminary calculations and is subject to change [8]. - Investors are advised to consider the preliminary nature of the forecast data and to remain cautious regarding investment risks [9]. - The official financial data will be disclosed in the formal half-year report for 2024 [9].