Huahong Technology(002645)2024-07-12 08:54Financial Performance - The company expects a net profit attributable to shareholders of 2 million to 3 million yuan for the first half of 2024, a significant recovery from a loss of 185.35 million yuan in the same period last year [8]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of 82 million to 92 million yuan, compared to a loss of 230.18 million yuan in the previous year, indicating a year-on-year growth of 60.03% to 64.38% [8]. - Basic earnings per share are expected to be between 0.0035 yuan and 0.0052 yuan, recovering from a loss of 0.3225 yuan per share in the same period last year [8]. - The performance forecast has not been audited by a registered accounting firm, and investors are advised to pay attention to investment risks [9][11]. Business Strategy and Operations - The company has focused on optimizing its business structure and increasing R&D investment to enhance product competitiveness and expand new applications [12]. - The market price of domestic rare earth products has stabilized, contributing to the company's recovery in the rare earth resource utilization business [4]. - The company aims to improve operational efficiency and economic benefits in its recycling resource equipment and operation business, which has been under pressure due to market conditions and insufficient demand in the steel industry [10]. - The company is committed to a strategic focus on the rare earth and automotive dismantling sectors, enhancing internal management and risk control capabilities for sustainable development [12].