Qianjing Landscape(SH:603778)2024-07-09 09:35Financial Performance Expectations - The company expects a net loss attributable to shareholders for the first half of 2024 to be between -128.7 million and -64.35 million RMB[2] - The net loss attributable to shareholders, excluding non-recurring gains and losses, is projected to be between -134.3 million and -67.2 million RMB[2] - In the same period last year, the net profit attributable to shareholders was 5.37 million RMB, and the net profit after excluding non-recurring gains and losses was 5.82 million RMB[4] Market Challenges - The decline in performance is primarily due to intensified competition in the photovoltaic sector, leading to a continuous drop in product prices and reduced profit margins[6] - The ecological landscaping sector is also facing challenges due to a sluggish market and increased competition, resulting in insufficient gross profit to cover operating expenses[6] Operational Factors - The company has a low order volume and capacity utilization in its photovoltaic business, contributing to the expected losses[6] - The company is currently in an expansion phase, which has led to high fixed costs without corresponding revenue generation[6] Financial Reporting and Investor Guidance - The preliminary financial data provided is unaudited and subject to change upon the release of the official semi-annual report[8] - The company assures that there are no significant uncertainties affecting the accuracy of this earnings forecast[7] - Investors are advised to be cautious and consider the risks associated with the preliminary earnings forecast[8]