CJS(SH:600176)2024-07-08 09:08Financial Performance Forecast - China Jushi Co., Ltd. expects net profit attributable to shareholders for H1 2024 to be between 825.21 million and 1.0315 billion CNY, a decrease of 50% to 60% compared to the same period last year [1]. - The company anticipates net profit attributable to shareholders after deducting non-recurring gains and losses to be between 508.16 million and 635.20 million CNY, also reflecting a 50% to 60% year-on-year decline [1]. - In the same period last year, the net profit attributable to shareholders was 2.063 billion CNY, with a net profit of 1.270 billion CNY after deducting non-recurring gains and losses [1]. - The performance forecast has not been audited by registered accountants, and the final financial data will be disclosed in the official H1 2024 report [1]. - There are no significant uncertainties affecting the accuracy of this performance forecast [1]. Market Conditions and Company Response - The decline in profitability is primarily due to the sustained low prices of fiberglass products in the industry [1]. - The company is actively responding to market challenges by adjusting product pricing, restructuring product lines, and enhancing technological upgrades [1]. - Sales volume has significantly increased year-on-year since the second quarter, indicating a recovery in product prices [1]. - The company is accelerating efforts to expand overseas market sales to improve profitability [1].