SNAT(SH:600841)2024-07-09 09:19Financial Performance Forecast - The company expects a net profit attributable to shareholders for the first half of 2024 to be between -780 million and -600 million CNY, and a net profit excluding non-recurring gains and losses to be between -830 million and -650 million CNY[9]. - For the first half of 2023, the net profit attributable to shareholders was -922.09 million CNY, and the net profit excluding non-recurring gains and losses was -974.05 million CNY[4]. - The earnings per share for the first half of 2023 was -0.565 CNY[4]. Subsidiary Performance - The company’s subsidiary, SAIC Hongyan, experienced sales growth in the first half of 2024, but overall performance remained at a low level, contributing to continued losses[6]. - The company reported a year-on-year decrease in impairment provisions for SAIC Hongyan in the first half of 2024, leading to a reduction in overall losses compared to the previous year[6]. Market Conditions - The market competition for the company’s products is becoming increasingly intense in the first half of 2024[6]. Earnings Forecast Uncertainties - The company has not identified any significant uncertainties that could affect the accuracy of this earnings forecast[13]. - The earnings forecast data is preliminary and subject to change, with the final figures to be disclosed in the official half-year report[13].