JINGCHENG MAC(SH:600860)2024-07-09 08:44Financial Performance - The company expects a net loss attributable to shareholders of approximately RMB 3 million to RMB 3.6 million for the first half of 2024, representing a reduction in loss of about RMB 26.09 million to RMB 26.69 million compared to the same period last year [4]. - The net profit attributable to shareholders for the same period last year was approximately RMB -29.69 million [7]. - The estimated net loss after deducting non-recurring gains and losses is expected to be between RMB 12.7 million and RMB 13.3 million, with a reduction in loss of about RMB 18.53 million to RMB 19.13 million compared to the previous year [12]. - The total profit for the current period is approximately RMB -32.18 million [15]. - Overall performance has declined, but the loss has narrowed compared to the same period last year [17]. Market Conditions - The company faced significant downward pressure on traditional products in the gas storage and transportation sector, leading to a decline in revenue for some products [17]. - The domestic market is highly competitive, resulting in a decrease in revenue from low-temperature products, while the market for new products like hydrogen energy is still in the cultivation stage, with demand growth below expectations [17]. Investment and Expenses - The company has increased investment in new product development, industry chain layout, and market expansion, leading to a year-on-year increase in period expenses [17]. Earnings Forecast - There are no significant uncertainties affecting the accuracy of this earnings forecast [18]. - The specific and accurate financial data will be disclosed in the company's official 2024 semi-annual report [18].