BAOSHENG SCI(SH:600973)2024-07-10 09:27Financial Performance Forecast - The company expects a net profit attributable to shareholders of between 10 million and 20 million yuan for the first half of 2024, representing a year-on-year decrease of 66.71% to 83.35%[2]. - The net profit after deducting non-recurring gains and losses is projected to be between 0 and 5 million yuan, indicating a year-on-year decrease of 90.87% to 100.00%[3]. - The net profit for the same period last year was 60.07 million yuan, and the net profit after deducting non-recurring gains and losses was 54.79 million yuan[4]. Performance Challenges - The decline in performance is attributed to rising copper prices, leading to decreased orders and increased competition, which negatively impacted gross margins[5]. - There are no significant uncertainties that could affect the accuracy of the performance forecast[6]. Strategic Initiatives - The company is actively implementing cost reduction and efficiency improvement measures, focusing on high-end cable markets such as nuclear power, railways, new energy, and aerospace[5]. - The company aims to enhance order quality and expand key market development to mitigate the adverse effects on performance[5]. Forecast Data - The forecast data is preliminary and subject to change upon the official release of the 2024 semi-annual report[7].