West Construction(SZ:002302)2024-07-09 09:19Financial Performance Forecast - The company expects a net profit of between 5.4 million and 8 million CNY, representing a decline of 95.15% to 96.73% compared to the same period last year, where the profit was 164.96 million CNY[4] - The net profit after deducting non-recurring gains and losses is projected to be a loss of 20 million to 29 million CNY, a decrease of 113.79% to 119.99% from last year's profit of 145.04 million CNY[4] - Basic earnings per share are expected to be a loss of 0.0125 to 0.0145 CNY, compared to earnings of 0.1119 CNY per share in the same period last year[4] Factors Affecting Profitability - The decline in profitability is attributed to a decrease in the selling price of ready-mixed concrete, which has negatively impacted gross margins[5] Forecast Details - The financial data presented is a preliminary forecast and will be detailed in the company's 2024 semi-annual report[6] - The performance forecast period is from January 1, 2024, to June 30, 2024[3] - The company has not yet conducted a pre-audit of the performance forecast with the accounting firm[3] Investment Risks - The company warns investors to be aware of investment risks associated with the preliminary nature of the forecast[6] Announcement Information - The announcement was made by the Board of Directors of China Construction West Construction Co., Ltd. on July 10, 2024[8]