Tech-Bank(002124)2024-10-09 11:59Financial Performance - The net profit attributable to shareholders for the first three quarters of 2024 is expected to be between 1.3 billion and 1.35 billion CNY, a significant turnaround from a loss of 1.566 billion CNY in the same period last year[4]. - The net profit after deducting non-recurring gains and losses is projected to be between 119 million and 169 million CNY, compared to a loss of 1.682 billion CNY in the previous year[4]. - The basic earnings per share for the first three quarters is estimated at 0.5855 CNY, compared to a loss of 0.8514 CNY per share in the same period last year[1]. - The expected net profit for the third quarter is projected to be between 460 million and 510 million CNY, compared to a loss of 309.5344 million CNY in the same quarter last year[2]. - The net profit after deducting non-recurring gains and losses for the third quarter is anticipated to be between 400 million and 450 million CNY, compared to a loss of 381.8874 million CNY in the same period last year[2]. Operational Status - The company achieved an investment gain of 999.5 million CNY from the sale of a 32.91% stake in a subsidiary in the first quarter[4]. - The company has maintained normal production operations during the pre-restructuring phase, with a downward trend in pig sales costs due to ongoing cost reduction measures[4]. Restructuring and Risks - The company is currently in a pre-restructuring phase, with uncertainties regarding whether it will enter formal restructuring proceedings[5]. - There is a risk of the company's stock being subject to delisting warnings if the court accepts the restructuring application[5]. - The company warns that significant fluctuations in the commodity pig market and risks from diseases like African swine fever could materially impact its operating performance[6].