CRE(SH:600217)2024-07-09 08:04Financial Performance - The company expects a net profit attributable to shareholders of the parent company for the first half of 2024 to be between 137 million and 167 million yuan, representing an increase of 1,036% to 1,285% compared to the same period last year [7]. - The projected net profit after deducting non-recurring gains and losses is estimated to be between 130 million and 160 million yuan, an increase of 1,379% to 1,721% year-on-year [8]. - The company’s previous year net profit attributable to shareholders was 12.06 million yuan, with a net profit of 8.79 million yuan after deducting non-recurring gains and losses [10]. Subsidy and Government Support - The company confirmed a subsidy income of 510 million yuan from the waste appliance processing fund for the reporting period [4]. - The central government has allocated a budget of 7.5 billion yuan for the special fund for waste electrical and electronic product processing in 2024, significantly higher than previous years [3]. Operational Improvements - The company has increased the volume of waste appliance dismantling and processing, with a higher proportion of high-value white goods in the dismantling process compared to the previous year [1]. - The company is enhancing cooperation with local supply and marketing cooperatives and retail outlets to improve the waste appliance recycling network [1]. - The company anticipates that the quality of waste appliance procurement will improve while the unit procurement cost will decrease compared to the previous year [1]. Cost Management - The company has implemented cost control measures, resulting in a decrease in financial expenses and manufacturing costs per unit of waste appliance processing [1]. - The company plans to adjust its accounting treatment in accordance with the latest national policies and regulations [4].