JYT(SH:601908)2024-07-09 08:49Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for the first half of 2024 to be between -756 million RMB and -1,130 million RMB, compared to a profit of 55.52 million RMB in the same period last year, indicating a significant loss [3]. - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -795 million RMB and -1,190 million RMB [4]. - The total profit for the same period last year was 45.28 million RMB, with a net profit attributable to shareholders of 55.52 million RMB and a net profit of 21.42 million RMB after deducting non-recurring gains and losses [5]. - The earnings per share for the previous year was 0.023 RMB [5]. - The financial data provided is preliminary and subject to change, with the official figures to be disclosed in the 2024 semi-annual report [8]. - There are currently no major uncertainties affecting the accuracy of this earnings forecast [7]. Factors Affecting Profitability - The decline in profitability is attributed to intensified market competition in the silicon wafer segment of the new materials business, leading to a continuous drop in product prices and a significant increase in inventory impairment provisions [7]. - The company reported a decrease in revenue and gross margin due to adverse effects from industry environment, market fluctuations, and macroeconomic conditions [7].