SHAONENG(000601)2024-10-14 10:37Financial Performance - The net profit attributable to shareholders for the first three quarters of 2024 is expected to be between 196.6 million and 206.6 million CNY, representing an increase of 201.00% to 216.31% compared to the same period last year[1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 186.94 million and 196.94 million CNY, indicating a growth of 473.17% to 503.83% year-on-year[1]. - The basic earnings per share are expected to be between 0.1819 CNY and 0.1912 CNY, compared to 0.0604 CNY in the same period last year[1]. Revenue Growth - The revenue from the hydropower business increased by 47.86%, and the total profit rose by 116.50% due to significantly higher rainfall and water inflow in the region[4]. - The ecological paper tableware business achieved a revenue growth of 17.86% through market expansion and increased product sales[4]. Business Strategy - The company is focusing on enhancing market expansion, brand building, and internationalization in its ecological paper tableware business[6]. - The precision (intelligent) manufacturing segment is expanding its business in new energy vehicle components to increase revenue share from this sector[6]. - The company is implementing cost control measures to reduce expenses and improve efficiency across its operations[6]. Financial Reporting - The financial data provided is preliminary and will be detailed in the third-quarter report of 2024[7]. - Investors are advised to be aware of investment risks associated with the preliminary estimates[7].