Financial Performance Expectations - The company expects a net profit of between 42.5 million and 46.5 million CNY for the first half of 2024, representing a decrease of 50.66% to 54.90% compared to the same period last year, where the profit was 94.24 million CNY[3]. - The net profit after deducting non-recurring gains and losses is projected to be between 38.5 million and 42.5 million CNY, down 54.19% to 58.50% from 92.78 million CNY in the previous year[3]. - Basic earnings per share are expected to be between 0.34 CNY and 0.38 CNY, a decline from 1.02 CNY per share in the same period last year[3]. Factors Affecting Performance - The decrease in net profit is attributed to a significant drop in the prices of key raw materials, including piperazine and ethylenediamine, and a reduction in demand from downstream customers due to changes in the macroeconomic environment[5]. - The company experienced a decline in product sales volume as the construction speed of new projects from downstream clients slowed, leading to unmet expected demand[5]. - The sales prices of the company's products have significantly decreased due to the aforementioned raw material price drops and market demand fluctuations, while fixed costs remained relatively stable[6]. Financial Reporting and Investor Guidance - The preliminary financial data provided in the earnings forecast has not been audited by an external accounting firm[4]. - Detailed financial data for the first half of 2024 will be disclosed in the company's upcoming semi-annual report[9]. - Investors are advised to make cautious decisions and be aware of investment risks based on the preliminary nature of the earnings forecast[9]. - The earnings forecast period is from January 1, 2024, to June 30, 2024[3].
兴欣新材(001358) - 2024 Q2 - 季度业绩预告