ST升达(002259) - 2024 Q2 - 季度业绩预告

Earnings Forecast Overview Forecast Period and Nature The company issued its 2024 semi-annual earnings forecast, expecting a net loss for the period; the forecast is unaudited but has been pre-communicated with the annual report auditor without material discrepancies - The earnings forecast period is from January 1, 2024, to June 30, 2024[3] - A net loss is expected[3] - This earnings forecast is unaudited by an accounting firm but has been pre-communicated with the annual report auditor, with no significant disagreements between the two parties[4] Key Financial Indicator Forecast The company anticipates a significant net loss attributable to shareholders with a year-over-year decline exceeding 300%, while net profit after non-recurring items is expected to remain positive despite a decrease 2024 Semi-Annual Earnings Forecast: Key Financial Indicators | Indicator | Current Reporting Period (Jan 1 - Jun 30, 2024) | Same Period Last Year (Jan 1 - Jun 30, 2023) | YoY Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of the Listed Company | Loss: RMB 33.28 million – 49.93 million | Profit: RMB 15.70 million | Decrease: 311.95% – 417.93% | | Net Profit After Non-Recurring Gains and Losses | Profit: RMB 10.81 million – 16.22 million | Profit: RMB 19.15 million | Decrease: 15.30% – 43.53% | | Basic Earnings Per Share | Loss: RMB 0.0442/share – 0.0664/share | Profit: RMB 0.0209/share | Turned to Loss | Reasons for Performance Fluctuation Operating Factors The company's LNG toll processing business remained stable, but declines in sales price and volume of self-produced products led to a decrease in profit after non-recurring items - The LNG toll processing business was stable compared to the same period last year[5] - Both the sales price and volume of self-produced and self-sold products decreased compared to the same period last year[5][6] - These factors led to a year-over-year decline in net profit after non-recurring gains and losses[6] Non-Recurring Gains and Losses Factors The company provisioned or adjusted estimated liabilities for two pending lawsuits, causing a significant drop in net profit attributable to shareholders - A provision for estimated liabilities was made and recorded in profit or loss for the pre-contractual liability dispute with Fujia Financial Leasing Co, Ltd[6] - The provision for estimated liabilities related to the financial loan contract dispute with Chengdu Rural Commercial Bank was reasonably adjusted based on the latest case information[6] - The combined measurement of these contingent events resulted in a significant year-over-year decrease in net profit attributable to shareholders[6] Risk Warnings and Subsequent Actions Risk Warnings This earnings forecast is a preliminary, unaudited estimate, and final data will be disclosed in the 2024 semi-annual report, so investors should be aware of potential risks - The data in this earnings forecast is a preliminary estimate by the company's finance department and has not been audited by an accounting firm[7] - Specific and accurate financial data will be disclosed in the company's 2024 semi-annual report[7] - The company's designated information disclosure media are the China Securities Journal and Juchao Information Network; investors are advised to pay attention and be aware of investment risks[7] Accounting Treatment and Legal Actions for Pending Litigation The provision for liabilities from pending litigation is a prudent accounting treatment, and the company is taking legal action to protect shareholder interests without waiving its rights - The estimated liabilities from the pending litigation are an accounting treatment based on existing legal documents, accounting standards, and the principle of prudence[11] - The company is actively pursuing legal action in the pending litigation to protect the interests of its minority shareholders[11] - This accounting treatment and announcement do not constitute an admission or waiver of rights in the relevant litigation, and opposing parties cannot use them as a defense[11]