CSD Water Service(SH:603903)2024-07-09 07:49Financial Performance - The company expects a net profit attributable to shareholders for the first half of 2024 to be between 5.30 million and 21.21 million yuan, representing a decrease of 31.81 million to 47.72 million yuan compared to the same period last year, a year-on-year decline of 60% to 90%[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 2.48 million and 17.39 million yuan, a decrease of 32.30 million to 47.20 million yuan compared to the same period last year, reflecting a year-on-year decline of 65% to 95%[10]. - The significant decline in performance is primarily due to a substantial drop in the environmental infrastructure construction service segment, while other business segments remained relatively stable[12]. - The company reported earnings per share of 0.21 yuan[22]. Strategic Changes - The company has optimized its project selection criteria, leading to a noticeable reduction in the number of projects won in the first half of 2024[5]. - The company is focusing on its technical advantages and continuing to implement a "deconstruction" strategy, which has resulted in a reduction in the contract amounts of awarded projects[13]. - The company plans to actively promote its transformation into a "dynamic ecological environment green development technology company" through strategic changes[14]. Cash Flow and Forecast - The overall operating cash flow situation has shown significant improvement compared to the same period last year[12]. - The earnings forecast data has not been audited by a registered accountant and is subject to change[21]. - The performance forecast is based on preliminary calculations by the company's financial department and is subject to final confirmation in the official half-year report[27].