Grace(SH:603256)2024-07-10 08:17Financial Performance Forecast - The company expects a net profit attributable to the parent company of between -4.59 million and -5.61 million yuan for the first half of 2024, excluding non-recurring gains and losses [2]. - The net profit attributable to the parent company for the previous period was -20.72 million yuan, with a net profit of -29.96 million yuan after excluding non-recurring gains and losses [4]. - The company anticipates achieving a net profit of between 740,000 and 900,000 yuan for the first half of 2024, indicating a turnaround from losses compared to the same period last year [19]. - The company emphasizes that the above profit forecast data is preliminary and subject to change pending the official 2024 semi-annual report [25]. - The company does not foresee any major uncertainties that could affect the accuracy of this earnings forecast [7]. - The earnings forecast data has not been audited by registered accountants [15]. Production and Operational Developments - The company has successfully scaled production of high-end electronic-grade glass fiber ultra-fine yarn, achieving self-sufficiency in high-end raw materials and replacing imports [16]. - The project for producing 50.4 million meters of 5G high-end electronic-grade glass fiber cloth has been fully put into production [16]. - The increase in terminal market demand for electronic-grade glass fiber cloth has positively impacted the company's product pricing and net profit [23]. - The company has integrated production and operation of electronic yarn and electronic cloth, enhancing its core competitiveness [8].