DEREN(SZ:002055)2024-07-09 10:31Financial Performance - The net profit attributable to shareholders for the first half of 2024 is expected to be a loss of 65 million CNY, compared to a profit of 7 million CNY in the same period last year [2]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of 75 million CNY, compared to a loss of 13.54 million CNY in the previous year [2]. - The basic earnings per share is expected to be a loss of 0.1075 CNY per share, compared to a profit of 0.0116 CNY per share last year [2]. Revenue and Business Performance - The connector business has seen a revenue growth of over 20% year-on-year, maintaining a good profitability level [3]. - The decline in overall performance is primarily due to significant losses from the Italian subsidiary Meta, which shifted from profit to loss compared to the previous year [13]. - The revenue decline is also attributed to the disposal of the subsidiary Liuzhou Shuangfei Automotive Electrical Parts Manufacturing Co., Ltd., which affected the financials [20]. - The company experienced substantial foreign exchange losses due to fluctuations in the Euro, contrasting with foreign exchange gains in the same period last year [8]. - Some key projects at Meta are still in the ramp-up phase, with some in the R&D investment stage and not yet in mass production, leading to a decrease in revenue and gross profit for the OBC business [16]. Investor Guidance - The company advises investors to make cautious decisions and be aware of investment risks due to the preliminary nature of the earnings forecast [4]. - The specific financial data for the first half of 2024 will be confirmed in the company's official report [4].