Hundsun(SH:600570)2024-07-09 08:47Financial Performance - The company expects a net profit attributable to shareholders of approximately 35.38 million RMB for the first half of 2024, a decrease of about 411 million RMB or 92.07% compared to the same period last year [3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is estimated to be around 141 million RMB, down approximately 124 million RMB or 46.76% year-on-year [3]. - The company anticipates total operating revenue of approximately 2.834 billion RMB for the first half of 2024, an increase of about 7.09 million RMB or 0.25% compared to the same period last year [3]. - Total operating costs for the first half of 2024 are expected to be around 2.785 billion RMB, a decrease of approximately 5.22 million RMB or 0.19% year-on-year [3]. Factors Affecting Profitability - The decline in net profit is primarily attributed to reduced IT budgets from financial institutions and longer procurement processes [7]. - The significant drop in net profit is also due to large fluctuations in the fair value of investments, particularly in "Ying Shijian" [7]. - The company's investment income from joint ventures has decreased year-on-year, impacting overall profitability [7]. - The company has increased provisions for accounts receivable impairment losses compared to the previous year, alongside a reduction in government subsidies [7]. Forecast and Risks - The performance forecast data has not been audited by registered accountants, and the company emphasizes the absence of major uncertainties affecting the accuracy of the forecast [8]. - Investors are advised to pay attention to investment risks as the forecast data is preliminary and subject to change upon the release of the official semi-annual report [9].