Silan(SH:600460)2024-07-10 10:01Financial Performance - The company expects a net profit attributable to shareholders of the parent company for the first half of 2024 to be between -30 million and -20 million CNY, a decrease in loss of 11.22 million to 21.22 million CNY compared to the same period last year [1][2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 121.89 million and 131.89 million CNY, representing a year-on-year decrease of 19% to 25% [2][4]. - The net profit for the same period last year was -41.22 million CNY, with a net profit of 162.59 million CNY after deducting non-recurring gains and losses [3][4]. - The main reason for the loss is the decline in stock prices of other non-current financial assets, resulting in a tax-adjusted net loss of 162.17 million CNY [4]. Revenue and Growth - The company has increased its revenue by approximately 18% year-on-year by promoting products in high-barrier markets such as large home appliances, communications, industrial, new energy, and automotive sectors [4]. Production and Costs - The company’s subsidiary, Silan Mingjia, is in the ramp-up phase for its 6-inch SiC power device chip production line, leading to higher fixed production costs and significant losses [4]. Research and Development - R&D expenses have increased by approximately 34% year-on-year as the company continues to invest in new products such as analog circuits, power devices, and MEMS sensors [4].