SHENHUA HOLDINGS(SH:600653)2024-07-09 12:23Financial Performance Expectations - The company expects a net loss attributable to shareholders for the first half of 2024 to be between -45 million and -30 million RMB[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between -75 million and -50 million RMB[3]. - In the same period last year, the net profit attributable to shareholders was -33.81 million RMB, and the net profit after deducting non-recurring gains and losses was -48.12 million RMB[4]. Cost Management and Profitability - The company has implemented cost reduction and efficiency enhancement measures, but sales of the BMW brand have declined due to market consumption downgrade[6]. - The overall gross profit of BMW 4S stores has decreased, leading to reduced profitability for the company[6]. Non-Operating Income - Non-operating income for the period is approximately 27 million RMB, which is an increase compared to the same period last year[7]. - The increase in non-operating income is mainly due to the receipt of partial repayment from Brilliance Group and Renault Jinbei[7]. Earnings Forecast Accuracy - The company does not have significant uncertainties that could affect the accuracy of this earnings forecast[8]. - The data provided is preliminary and the accurate financial data will be disclosed in the official 2024 semi-annual financial report[9].