京基智农(000048) - 2024 Q2 - 季度业绩预告

2024 Semi-Annual Performance Forecast Expected Performance for the Current Period The company forecasts a significant year-on-year decline in net profit attributable to shareholders and non-recurring net profit for the first half of 2024 Key Performance Indicators for 2024 Semi-Annual Performance Forecast | Indicator | Current Reporting Period (Jan 1 - Jun 30, 2024) | Prior Period | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Profit: 200 million - 260 million yuan
Year-on-year decrease: 79.76% - 84.43% | Profit: 1.2846902 billion yuan | | Net Profit After Non-Recurring Items | Profit: 210 million - 270 million yuan
Year-on-year decrease: 79.86% - 84.33% | Profit: 1.3404934 billion yuan | | Basic Earnings Per Share | Profit: 0.3822 - 0.4969 yuan/share | Profit: 2.4553 yuan/share | Communication with Accounting Firms The company's performance forecast data represents preliminary internal estimates, pending audit by an accounting firm - The performance forecast data has not been audited by an accounting firm[14] Explanation of Performance Changes The overall net profit decline is primarily due to reduced real estate project deliveries, despite the hog farming business achieving profitability in the second quarter - The hog farming business achieved profitability in the second quarter, with a single-quarter profit of approximately 140 million yuan, primarily due to rising hog prices and reduced breeding costs[1] - The real estate business, being in a stock sales phase, experienced a significant year-on-year decrease in project deliveries during the reporting period, leading to a corresponding decline in recognized sales revenue and profit, which is the main reason for the overall net profit decline[1] Risk Warning The company warns investors about the potential adverse impact of significant future declines in hog market prices on its operating performance - The company faces uncertainty regarding hog market price fluctuations, where a significant future decline could adversely impact its performance[6][15] Other Relevant Information The company reiterates that the performance forecast data is preliminary, with final detailed financial information to be disclosed in the 2024 semi-annual report - This performance forecast data represents preliminary estimates by the company's finance department, with specific details to be fully disclosed in the 2024 semi-annual report[11]