JONJEE(SH:600872)2024-07-09 11:27Financial Performance - The company expects a net profit attributable to shareholders of approximately CNY 315 million to CNY 378 million for the first half of 2024, an increase of CNY 1.758 billion to CNY 1.821 billion compared to the same period last year, achieving a turnaround from loss to profit [2]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, is estimated to be around CNY 306 million to CNY 368 million, representing an increase of CNY 10 million to CNY 72 million compared to the previous year, with a growth rate of 3.37% to 24.30% [3]. - The company recorded a net loss of CNY 1.443 billion in the first half of 2023, primarily due to a provision for expected liabilities of CNY 1.747 billion related to a land use rights transfer dispute [4]. Revenue Expectations - The expected operating revenue for the first half of 2024 is approximately CNY 2.620 billion, showing a slight decrease compared to the same period last year [5]. Cost Management and Settlements - The increase in net profit, excluding non-recurring gains and losses, is mainly attributed to a decrease in raw material procurement prices and the company's efforts in fine management to reduce costs and increase efficiency [5]. - The company has reached a settlement regarding the land use rights transfer dispute, which has positively impacted its performance in the current reporting period [5]. Financial Reporting and Risks - The financial data provided is a preliminary estimate by the company's finance department and has not been audited by an accounting firm, with no significant uncertainties affecting the accuracy of the forecast [6]. - Investors are advised to pay attention to investment risks as the final financial data will be disclosed in the official 2024 semi-annual report [6].