YTG(SH:600881)2024-07-09 09:32Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company to be between -800 million and -950 million CNY for the first half of 2024[6]. - The net profit after deducting non-recurring gains and losses is projected to be between -817.79 million and -967.79 million CNY[8]. - Earnings per share for the reporting period is estimated at -0.27 CNY[10]. - The preliminary performance forecast has not been audited by certified public accountants[9]. - The company warns investors to pay attention to investment risks as the financial data is subject to change until the official report is released[14]. Market Conditions - The cement market demand has shrunk, with a 9.8% year-on-year decline in national cement production from January to May 2024[22]. - Cement and clinker prices have gradually stabilized and increased since the second quarter of 2024, contributing to improved profitability in the building materials sector[22]. Strategic Adjustments - The company has adjusted its sales strategy to enhance project turnover, maintaining low gross margins on transferred projects due to pressure on real estate product prices[21]. - The company emphasizes leveraging its quality market resources and brand advantages to continue multi-product and multi-channel sales[22]. Investment Income - The company’s investment income has significantly decreased due to a reduction in net profit from its important associate, Northeast Securities Co., Ltd.[11].