L&K(SH:603929)2024-07-08 10:07Revenue and Profit Projections - The company expects to achieve operating revenue of between 2,736.40 million and 2,964.43 million CNY for the first half of 2024, an increase of 1,805.07 million to 2,033.11 million CNY year-on-year, representing a growth of 193.82% to 218.30%[3] - The projected net profit attributable to shareholders for the first half of 2024 is between 227.82 million and 246.80 million CNY, an increase of 153.64 million to 172.63 million CNY compared to the same period last year, reflecting a growth of 207.12% to 232.71%[3] - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is estimated to be between 227.31 million and 246.25 million CNY, which is an increase of 153.76 million to 172.70 million CNY year-on-year, indicating a growth of 209.06% to 234.82%[3] Factors Contributing to Performance - The performance increase is attributed to the ongoing contribution from the Singapore UMC project, which was awarded in March 2023, and significant revenue growth from other construction projects[10] - The company experienced a favorable recovery in project settlements, leading to a substantial reversal of bad debt provisions and contract asset impairment provisions compared to the previous period[10] Historical Financial Data - The net profit for the same period last year was 74.18 million CNY, with a net profit of 73.55 million CNY after deducting non-recurring gains and losses[8] - The earnings per share for the previous year was 0.3477 CNY[9] Caution and Finalization - The forecast data has not been audited by registered accountants and is subject to change[7] - The financial data will be finalized in the official half-year report to be disclosed by the company[12] - Investors are advised to consider investment risks and make rational investment decisions based on the preliminary data provided[12]