Western Region Gold (SH:601069)2024-07-09 09:15Western Gold Co., Ltd. 2024 Semi-Annual Performance Pre-announcement Important Notice Western Gold Co., Ltd. expects to achieve a turnaround in the first half of 2024, with net profit attributable to shareholders projected between CNY 50 million and CNY 69 million and non-recurring net profit between CNY 71 million and CNY 90 million - The company anticipates achieving a turnaround to profitability in the first half of 202489 Key Financial Data for 2024 Semi-Annual Performance Forecast | Indicator | Estimated Amount (million CNY) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | 50 - 69 | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-recurring Items) | 71 - 90 | Current Period Performance Forecast The company's 2024 semi-annual performance forecast period is from January 1 to June 30, confirming an expected turnaround to profitability with specified net profit ranges - The performance forecast period is from January 1, 2024, to June 30, 20242 2024 Semi-Annual Performance Forecast Financial Data | Indicator | Estimated Amount (million CNY) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | 50 - 69 | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-recurring Items) | 71 - 90 | Prior Period Operating Performance and Financial Position The company disclosed prior period (H1 2023) financial data, adjusted retrospectively due to the acquisition of Fuyun Hengsheng Beryllium Industry in December 2023 under common control principles - The company completed the acquisition of 100% equity in Fuyun Hengsheng Beryllium Industry in December 2023, retrospectively adjusting prior period figures based on common control business combination principles2 Prior Period (H1 2023) Financial Data Comparison | Indicator | Prior Period Unadjusted (million CNY) | Prior Period Adjusted (million CNY) | | :--- | :--- | :--- | | Total Profit | -60.08 | -47.08 | | Net Profit Attributable to Parent Company Shareholders | -71.84 | -58.83 | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-recurring Items) | -59.11 | -59.11 | | Earnings Per Share | -0.0783 CNY | -0.0641 CNY | Main Reasons for Current Period's Expected Profit The expected profit for the current period is primarily driven by improved main business operations, specifically increased sales volume and price of gold from proprietary mines - The increase in net profit attributable to parent company shareholders and non-recurring net profit is primarily influenced by core business operations4 - Sales volume of gold produced from proprietary mines increased compared to the prior period4 - Sales price of gold produced from proprietary mines increased compared to the prior period4 Risk Warning and Other Notes The company states no significant uncertainties affect this performance forecast but advises investors that these are preliminary figures, with final data subject to the official semi-annual report - The company confirms no significant uncertainties exist that could impact the accuracy of this performance forecast11 - The forecast data is based on preliminary calculations; final financial figures will be subject to the company's officially disclosed 2024 semi-annual report, and investors are advised to be aware of investment risks12