Shengtak New Material (300881)2024-10-09 08:15Financial Performance - The company expects a net profit attributable to shareholders for the first three quarters of 2024 to be between 185 million and 190 million CNY, representing a year-on-year increase of 155.41% to 162.32% compared to 72.43 million CNY in the same period last year[2]. - For Q3 2024, the expected net profit attributable to shareholders is projected to be between 63 million and 68 million CNY, reflecting a year-on-year growth of 199.78% to 223.58% compared to 21.02 million CNY in Q3 2023[3]. - The expected net profit after deducting non-recurring gains and losses for the first three quarters of 2024 is projected to be between 179 million and 184 million CNY, indicating a year-on-year increase of 147.73% to 154.65% compared to 72.26 million CNY last year[2]. - The expected net profit after deducting non-recurring gains and losses for Q3 2024 is estimated to be between 57.5 million and 62 million CNY, showing a year-on-year increase of 167.24% to 188.16% compared to 21.52 million CNY in Q3 2023[3]. Production and Sales - The company has seen a significant increase in order volume due to a surge in downstream orders, leading to improved production capacity and utilization rates[5]. - Alloy steel product shipments increased by approximately 12.08% year-on-year, while stainless steel product shipments grew by about 49.86% during the reporting period[5]. - The company focuses on the manufacturing of ultra-supercritical boilers for thermal power, which has contributed to its improved performance in the current reporting period[5]. Caution and Disclosure - The financial data in the earnings forecast has not been audited by an external accounting firm and is subject to further confirmation in the Q3 2024 report[4]. - The company emphasizes the importance of cautious decision-making for investors due to the preliminary nature of the financial data provided[6]. - The company plans to disclose detailed financial data in its Q3 2024 report, encouraging investors to remain aware of investment risks[6].