中化国际(600500) - 2024 Q2 - 季度业绩预告

Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for the first half of 2024 to be between 9.5 million and 14.25 million yuan, indicating a turnaround from the previous year's loss [12]. - The net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between -743.18 million and -891.82 million yuan for the first half of 2024 [13]. - In the same period last year, the company reported a net profit of -163.97 million yuan and a net profit of -562.02 million yuan after excluding non-recurring gains and losses [14]. Reasons for Performance Changes - The primary reason for the expected turnaround is the gain from the disposal of non-current assets, which generated approximately 1.517 billion yuan in cash inflow [15]. - The company completed the transfer of 70% equity in Shanghai Dehuan Real Estate Co., Ltd. and 500 million yuan in debt, which positively impacted the current operating performance [15]. Market Challenges - The company is facing challenges due to continuous capacity expansion in the industry and weak downstream demand, leading to sustained low market prices [15]. - The utilization rate of key new facilities is still in the ramp-up phase, and profitability has not been fully realized [15]. Forecast Data and Risks - The company emphasizes that the forecast data is preliminary and subject to change pending the official release of the 2024 semi-annual report [17]. - There are no significant uncertainties affecting the accuracy of this performance forecast [16]. - The company urges investors to be aware of investment risks related to the preliminary nature of the forecast data [17].