GPTY(000545)2024-07-09 11:16Financial Performance - The company expects a net profit loss between 19.60 million yuan and 27.44 million yuan for the first half of 2024, compared to a loss of 78.41 million yuan in the same period last year, indicating a significant improvement [2]. - Shareholders' net profit is projected to increase by 65% to 75% compared to the same period last year [2]. - The company anticipates a loss of 21.92 million yuan to 30.69 million yuan after deducting non-recurring gains and losses, compared to a loss of 87.69 million yuan in the previous year [2]. - The basic earnings per share are expected to be a loss between 0.0199 yuan and 0.0278 yuan, compared to a loss of 0.0795 yuan per share last year [2]. - The performance forecast is based on preliminary calculations by the company's finance department, with final figures to be disclosed in the official half-year report [11]. Market Conditions - The titanium dioxide market demand is weak, and product sales prices are at low levels, impacting gross margins [3]. - The price of sulfuric acid, a key raw material, has increased significantly compared to the same period last year, affecting product gross margins [3]. - The demand for ferrous sulfate in the new energy sector is poor, leading to a significant decline in the price of this by-product, further impacting gross margins [10]. Joint Ventures - The company's joint ventures reported losses in the first half of 2024, resulting in long-term equity investment losses on the company's balance sheet [10].