天润乳业(600419) - 2024 Q2 - 季度业绩预告

Financial Performance - The company expects a net profit attributable to shareholders of the parent company for the first half of 2024 to be between -26 million and -31 million CNY, indicating a loss compared to the same period last year [2]. - The net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between 22 million and 26 million CNY for the same period [2]. - In the same period last year, the total profit was 149.73 million CNY, with a net profit attributable to shareholders of the parent company of 125.80 million CNY [6]. - The company reported a net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, of 117.10 million CNY in the same period last year [6]. - The earnings per share for the same period last year was 0.3989 CNY [7]. Reasons for Loss - The primary reasons for the expected loss include weak consumer demand in the dairy market, oversupply of milk sources, and continued decline in raw milk and cattle sales prices [8]. - The company has increased the disposal of low-yield dairy cows and bulls, contributing to the losses during the forecast period [8]. - The company has also made provisions for inventory impairment and biological asset impairment according to accounting standards, which has further impacted profitability [8]. - The merger with Xin Nong Dairy has added to the losses during the forecast period [8]. Forecast and Reporting - The forecast data is preliminary and subject to change, with the final financial data to be disclosed in the official half-year report [10].