YNCE(SH:600792)2024-07-09 08:17Financial Performance Expectations - The company expects a net profit attributable to shareholders for the first half of 2024 to be between -246 million and -220 million CNY, representing an increase in losses of 186.79 million to 212.79 million CNY compared to the same period last year [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between -254.5 million and -228.5 million CNY, with an increase in losses of 185.46 million to 211.46 million CNY year-over-year [3]. - In the same period last year, the company reported a net profit attributable to shareholders of -33.21 million CNY and a net profit of -43.04 million CNY after deducting non-recurring gains and losses [5]. Reasons for Losses - The primary reason for the expected loss is the significant increase in costs associated with the 2 million tons/year coking environmental relocation and transformation project, which was in trial production last year and did not incur depreciation expenses [6]. - The steel industry is facing severe challenges, leading to reduced demand for coke, which has resulted in significant losses for the company's wholly-owned subsidiary, Shizong Coal Coking Co., Ltd. [6]. Audit and Reporting - The performance forecast has not been audited by a registered accountant, and specific financial data will be detailed in the company's 2024 semi-annual report [4][7].