闻泰科技(600745) - 2024 Q2 - 季度业绩预告

Performance Forecast for the Current Period The company projects H1 2024 net profit attributable to shareholders to decline by 84% to 90% (RMB 130-195 million), with a net loss after non-recurring items (RMB 100-150 million), based on unaudited data H1 2024 Performance Forecast (vs. Restated Prior Period) | Metric | H1 2024 Estimated | H1 2023 (Restated) | YoY Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Parent (RMB million) | 130 to 195 | 1,251.13 | ↓ 84% to 90% | | Net Profit Attributable to Parent (Excl. Non-recurring) (RMB million) | -100 to -150 | 1,175.65 | - | - The financial data in this performance forecast has not been audited by a certified public accountant[5] Prior Period Performance Review The company restated H1 2023 financial data due to a business combination under common control, reporting net profit attributable to parent of RMB 1,251.13 million and EPS of RMB 1.01 as a comparative baseline H1 2023 Financial Data (Restated) | Metric | Amount | | :--- | :--- | | Net Profit Attributable to Parent (RMB million) | 1,251.13 | | Net Profit Attributable to Parent (Excl. Non-recurring) (RMB million) | 1,175.65 | | Earnings Per Share (RMB/share) | 1.01 | Main Reasons for Performance Decline in the Current Period The performance decline is primarily attributed to challenges in semiconductor business, facing industry downturns, and product integration business, experiencing gross margin pressure from new project pricing and rising costs despite revenue growth Semiconductor Business Segment H1 2024 semiconductor business revenue and gross margin declined year-over-year due to industry downturns, though Q2 showed sequential improvement from market recovery and cost-reduction efforts - Affected by industry cyclicality, H1 2024 semiconductor business revenue and overall gross margin decreased year-over-year[7] - In Q2 2024, semiconductor business revenue and overall gross margin improved sequentially compared to Q1, driven by partial market demand recovery and the company's cost reduction and efficiency enhancement measures[7] Product Integration Business Segment Product integration business saw H1 revenue growth from new clients but a year-over-year gross margin decline due to low new project pricing and rising costs; Q2's sequential revenue growth was offset by a temporary gross margin dip from low-margin projects, with improvements expected in Q3 - In H1 2024, product integration business operating revenue achieved year-over-year growth by actively expanding into new overseas major clients and new clients in home appliances and automotive sectors[7][8] - Affected by lower new project pricing, increased prices for some raw materials, and rising factory labor costs, overall gross margin decreased year-over-year in the first half[8] - Q2 revenue grew sequentially, but increased demand for low-margin projects led to a temporary sequential decline in gross margin; the company has implemented cost reduction and efficiency enhancement measures, with effects expected to materialize in Q3[8] Risk Warning The company warns that this unaudited performance forecast, based on preliminary accounting data, carries inherent uncertainties regarding final results - This performance forecast represents preliminary accounting data based on the finance department's professional judgment and has not yet been audited by a certified public accountant[9] Other Explanatory Matters The company reiterates that final accurate financial data will be based on the officially disclosed H1 2024 semi-annual report, advising investors to consider investment risks - The above forecast data is preliminary accounting data only, and the specific accurate financial data will be subject to the company's officially disclosed H1 2024 semi-annual report[10]