KSTAR(002518)2024-07-10 10:41Financial Performance - The estimated net profit attributable to shareholders for the first half of 2024 is projected to be between 200 million and 260 million yuan, representing a decline of 60% to 48% compared to the same period last year, where the profit was 500.96 million yuan[3]. - The estimated net profit after deducting non-recurring gains and losses is expected to be between 180 million and 240 million yuan, a decrease of 63% to 51% from the previous year's 488.69 million yuan[3]. - The basic earnings per share are projected to be between 0.34 yuan and 0.44 yuan, down from 0.86 yuan per share in the same period last year[3]. Market Conditions - The decline in performance is attributed to a slowdown in market demand for household storage business in Europe and inventory pressure faced by downstream customers, leading to a significant reduction in shipment volume compared to the same period in 2023[5][6]. R&D Investment - The company has increased its R&D investment significantly during the reporting period, contributing to the larger decline in net profit due to asset impairment losses and credit impairment losses[6]. Audit and Reporting - The financial data in this earnings forecast has not been audited by the accounting firm, and the company has communicated with the auditors regarding this forecast without any major discrepancies[4]. - Investors are advised to pay attention to investment risks as the data provided is preliminary and will be detailed in the company's 2024 semi-annual report[7].