华银电力(600744) - 2024 Q2 - 季度业绩预告

Important Content Highlights Datang Huayin Electric Power expects to achieve a net profit of 4.86 million yuan in H1 2024, turning losses into profits year-on-year, with a non-recurring adjusted net loss of 5.85 million yuan Key Performance Indicators for H1 2024 Earnings Forecast | Indicator | Amount (Million Yuan) | | :----------------------------------- | :-------------------- | | Net Profit Attributable to Shareholders | 4.86 | | Net Profit Attributable to Shareholders (after non-recurring items) | -5.85 | - The company expects to achieve a net profit attributable to shareholders of 4.86 million yuan in the first half of 2024, turning losses into profits compared to the same period last year[2] I. Current Period Performance Forecast This section outlines the H1 2024 earnings forecast period and preliminary financial data, noting that the figures are unaudited (I) Performance Forecast Period The performance forecast period spans from January 1, 2024, to June 30, 2024 - The performance forecast period is from January 1, 2024, to June 30, 2024[3] (II) Performance Forecast Details Preliminary estimates indicate a H1 2024 net profit of 4.86 million yuan and a non-recurring adjusted net loss of 5.85 million yuan, pending auditor review H1 2024 Performance Forecast Data | Indicator | Amount (Million Yuan) | | :----------------------------------- | :-------------------- | | Net Profit Attributable to Shareholders | 4.86 | | Net Profit Attributable to Shareholders (after non-recurring items) | -5.85 | - The performance forecast data has not been audited by a certified public accountant[4] II. Prior Year Same Period Performance This section reviews H1 2023 performance, indicating losses for net profit and non-recurring adjusted net profit, alongside negative earnings per share H1 2023 Prior Period Performance | Indicator | Amount (Million Yuan) | | :----------------------------------- | :-------------------- | | Net Profit Attributable to Shareholders | -154 | | Net Profit Attributable to Shareholders (after non-recurring items) | -172 | | Earnings Per Share (Yuan/Share) | -0.076 | III. Main Reasons for Current Period's Expected Profit The H1 2024 profit turnaround is primarily due to a significant decrease in operating costs from lower fuel prices, which offset reduced revenue from decreased thermal power generation - Fuel prices decreased year-on-year, leading to a 31.48% year-on-year decrease in the company's operating costs[6] - Thermal power generation decreased year-on-year, resulting in a 27.75% year-on-year decrease in the company's operating revenue[6] - Combining these factors, the company achieved a year-on-year turnaround to profit in the first half of the year[6] IV. Risk Warning This section advises investors that the preliminary, unaudited performance forecast is deemed free of significant uncertainties affecting its accuracy - This performance forecast is a preliminary calculation by the company's finance department based on its professional judgment and has not yet been audited by a certified public accountant[7] - The company believes there are no significant uncertainties that would affect the accuracy of this performance forecast[7] V. Other Explanatory Matters This section reiterates the preliminary nature of the forecast data, emphasizing that final figures will be in the H1 2024 report, and advises investors on investment risks - The above forecast data is preliminary, and the specific accurate financial data will be subject to the company's officially disclosed H1 2024 report[8] - Investors are kindly reminded to pay attention to investment risks[8]