Anhui Guangxin Agrochemical (SH:603599)2024-07-09 10:33Financial Performance Forecast - The company expects a net profit attributable to shareholders for the first half of 2024 to be between 390 million and 425 million CNY, a decrease of 61.87% to 58.45% compared to the same period last year [4]. - The estimated net profit after deducting non-recurring gains and losses is projected to be between 355 million and 390 million CNY, reflecting a year-on-year decrease of 63.15% to 59.52% [10]. - The previous year's net profit attributable to shareholders was 1,022.9 million CNY, with a net profit of 963.4 million CNY after deducting non-recurring gains and losses [13]. Factors Affecting Performance - The decline in performance is attributed to low prices of certain pesticides and fine chemicals due to market supply and demand changes, along with increased shipping costs and a decrease in sales volume [6]. - The company terminated the acquisition agreement for 70% of Liaoning Shixing Pharmaceutical and Chemical Co., which also impacted the net profit for the first half of 2024 [6]. Performance Forecast Validity - The company emphasizes that there are no significant uncertainties affecting the accuracy of this performance forecast [10]. - The company assures that there are no major factors that could significantly impact the performance forecast [16]. - The financial data provided is preliminary and subject to final confirmation in the official half-year report [7]. Reporting Period and Announcement - The reporting period for the performance forecast is from January 1, 2024, to June 30, 2024 [11]. - The announcement was made by the board of directors of Anhui Guangxin Agricultural Chemical Co., Ltd. on July 10, 2024 [18].