Hite Control(SZ:002184)2024-07-09 10:37Financial Performance Expectations - The company expects a net profit loss of between 6.5 million and 9.5 million yuan for the first half of 2024, a decline of 109.69% to 114.17% compared to the same period last year[3]. - Revenue is projected to be between 1.05 billion and 1.15 billion yuan, down from 1.52 billion yuan in the same period last year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be a loss of between 26.5 million and 29.5 million yuan, compared to a profit of 57.52 million yuan last year, representing a decline of 146.07% to 151.28%[3]. - Basic earnings per share are anticipated to be a loss of between 0.0185 yuan and 0.0270 yuan, compared to earnings of 0.1906 yuan per share in the previous year[3]. Market Conditions and Challenges - The decline in overall performance is primarily due to intensified market competition in the renewable energy sector, leading to significant fluctuations in prices and increased market risks[5]. Strategic Focus and Initiatives - The company is focusing on risk management for new project orders in the centralized energy storage market and increasing investment in distributed energy storage[6]. - The company aims to explore domestic and international business storage opportunities to mitigate adverse market conditions and reverse the decline in performance[6]. Financial Reporting - The financial data provided is preliminary and has not been audited by an accounting firm, with final figures to be disclosed in the official half-year report[7].