合力泰(002217) - 2024 Q2 - 季度业绩预告

I. Estimated Performance for the Current Period The company projects a significantly narrowed net loss for the first half of 2024 1. Performance Forecast Period The company anticipates continued losses for the first half of 2024, spanning January 1 to June 30 - The performance forecast period is from January 1, 2024, to June 30, 2024[3] - The estimated performance type is a loss[3] 2. Estimated Performance The company forecasts a net loss of RMB 790-990 million, a substantial reduction from the prior year 2024 Half-Year Estimated Performance Compared to Prior Year | Item | Current Period (Million RMB) | Prior Year (Million RMB) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | -990 to -790 | -2,352.12 | Loss Narrowed | | Net Profit After Non-recurring Items | -999 to -799 | -2,368.02 | Loss Narrowed | | Basic Earnings Per Share (RMB/share) | -0.3177 to -0.2535 | -0.7548 | Loss Narrowed | II. Pre-audit Status of Performance Forecast The performance forecast data is a preliminary internal estimate, not yet audited by an accounting firm Pre-audit Status of Performance Forecast The performance forecast data is a preliminary internal estimate, not yet audited by an accounting firm - The data in this performance forecast is a preliminary estimate by the company's finance department[4] - The data has not been pre-audited by an accounting firm[4] III. Explanation of Performance Changes The half-year loss stems from funding issues, reduced production, and increased debt litigation costs Explanation of Performance Changes The half-year loss stems from funding issues, reduced production, and increased debt litigation costs - The company faces funding difficulties and lacks operating capital for upstream material procurement, leading to insufficient capacity utilization at some factories and an inability to fulfill existing orders[5] - Product shipments and operating revenue significantly decreased year-on-year, while unit fixed costs increased[5] - Liquidity difficulties have led to numerous debts entering litigation, increasing accrued interest, penalties, or liquidated damages on overdue debts, resulting in a larger operating loss for the current period compared to the prior year[5] - Additionally, lawsuits have led to the judicial freezing of some bank accounts, impacting the company's production and operations[5] IV. Risk Warnings The company faces multiple risks including stock warnings, pre-restructuring uncertainties, and potential delisting 1. Company Shares Subject to Risk Warning The company's shares are subject to delisting and other risk warnings due to negative net assets and going concern issues - The company's stock trading has been subject to other risk warnings because the lower of net profit before and after deducting non-recurring gains and losses for the most recent three fiscal years was negative, and the 2023 audit report indicated significant uncertainty regarding the company's going concern ability[6] - The company's stock trading has been subject to delisting risk warning due to negative audited consolidated net assets at the end of 2023[6] - The company's shares have been subject to delisting risk warning and other risk warnings since May 6, 2024, with the stock abbreviation changed from 'Holitech' to '*ST Hetai'[6] 2. Company Initiates Pre-restructuring Creditors initiated pre-restructuring, with the company actively pursuing judicial restructuring and strategic investors - During the reporting period, creditors applied to the court for the company's restructuring, and Fuzhou Intermediate People's Court decided to initiate pre-restructuring for the company[6] - Fuzhou Intermediate People's Court appointed the liquidation group of Holitech Technology Co., Ltd. as the provisional administrator for pre-restructuring[6] - The company will actively support and promote judicial restructuring and the introduction of strategic investors to resolve existing debt and liquidity risks, enhance its going concern ability, and improve operating performance[6] 3. Uncertainty Regarding Entry into Restructuring Procedures Entry into formal restructuring remains uncertain as the company awaits official court acceptance documents - Pre-restructuring is a procedure before the court formally accepts restructuring, and there is still uncertainty as to whether the company can enter the restructuring process[7] - As of the disclosure date of this announcement, the company has not yet received formal court documents for its restructuring[7] 4. Risk of Additional Delisting Risk Warning After Restructuring Acceptance If restructuring is formally accepted, the company's shares will face an additional delisting risk warning - According to Article 9.4.1 of the 'Stock Listing Rules', if the court legally accepts the applicant's restructuring application for the company, the company's shares will be subject to an additional delisting risk warning after the restructuring application is accepted[8] 5. Risk of Stock Delisting The company faces delisting risk if net assets remain negative or restructuring fails - Due to the company's audited net assets attributable to owners of the parent company being negative at the end of 2023, its stock trading has been subject to a delisting risk warning since May 6, 2024[9] - If the company's audited net assets attributable to owners of the parent company are not positive by the end of 2024, its shares will face the risk of delisting[9] - If Fuzhou Intermediate People's Court legally accepts the applicant's restructuring application for the company and the restructuring is successfully completed, it will help optimize the company's asset-liability structure, reverse its operational decline, and restore its going concern ability[9] - If restructuring fails, the company faces the risk of liquidation, and its shares will face the risk of delisting[9][10] 6. Unaudited Performance Forecast This preliminary performance forecast is unaudited, and final figures will be disclosed in the half-year report - This performance forecast is based on preliminary calculations by the company's finance department and has not been audited by an accounting firm[10] - Specific financial data will be detailed in the company's 2024 half-year report, and investors are advised to pay attention to investment risks[10]