lu'an EED(601699)2025-01-17 09:05Profit Forecast - The company expects a net profit attributable to shareholders for 2024 to be between 2.3 billion and 2.75 billion CNY, a decrease of 5.622 billion to 5.172 billion CNY compared to the previous year, representing a decline of 65.29% to 70.97%[2] - The expected net profit after deducting non-recurring gains and losses is projected to be between 2.2 billion and 2.65 billion CNY, a decrease of 5.689 billion to 5.239 billion CNY year-on-year, indicating a decline of 66.41% to 72.11%[5] - The previous year's net profit attributable to shareholders was 7.922 billion CNY, with a total profit of 11.661 billion CNY[7] Factors Affecting Profit - The decline in profit is primarily due to the significant drop in coal market prices, leading to a noticeable decrease in the average selling price of commercial coal[9] - The company also faced a decline in raw coal production and commercial coal sales due to geological conditions and mining coordination issues[9] - Increased product costs were influenced by higher resource tax rates and changes in employee compensation[9] Caution for Investors - The profit forecast is based on preliminary calculations by the finance department and has not been audited by external auditors[10] - Investors are advised to pay attention to investment risks as the forecast data is subject to change pending the formal annual report[11]