AXNMC(SH:600255)2024-07-08 08:22Financial Performance - The company expects a net profit attributable to shareholders of 29 million to 39 million yuan for the first half of 2024, an increase of 54.92 million to 64.92 million yuan compared to the same period last year, achieving a turnaround from loss to profit [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be 25 million to 33 million yuan, an increase of 56.67 million to 64.67 million yuan year-on-year [18]. - The company reported a net loss of 25.92 million yuan in the same period last year [13]. - The increase in profit is attributed to the release of production capacity and product structure adjustment at the subsidiary XinKe Copper Industry, as well as the recovery of the full subsidiary XinGu after relocation [14]. - The company anticipates that the increase in other income from its subsidiaries XinKe Copper Industry and XinHong Cable will contribute to the profit growth [23]. Cost Management - The company has implemented comprehensive budget management and refined management to effectively control costs and expenses in the first half of 2024 [6]. Forecast and Reporting - The preliminary profit forecast has not been audited by a registered accountant, and there are no significant uncertainties affecting the accuracy of the forecast [7]. - The financial data provided is preliminary and the final figures will be disclosed in the official half-year report [16]. - The expected earnings per share for the first half of 2024 is projected to be -0.01 yuan [5]. - The company emphasizes the importance of investor awareness regarding investment risks due to the preliminary nature of the forecast data [16].