QUNXING(SZ:002575)2024-07-10 11:05Guangdong Qunxing Toys Co., Ltd. 2024 First Half-Year Earnings Forecast Earnings Forecast Overview The company anticipates a net loss for H1 2024, a sharp reversal from last year's profit, despite a significant revenue increase H1 2024 Performance Forecast | Item | Current Period (Jan 1 - Jun 30, 2024) | Same Period Last Year | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Loss: RMB 5.50 million to RMB 8.00 million | Profit: RMB 7.45 million | | Net Profit after Non-Recurring Items | Loss: RMB 9.00 million to RMB 12.50 million | Profit: RMB 3.89 million | | Basic Earnings Per Share (EPS) | Loss: RMB 0.0093/share to RMB 0.0136/share | Profit: RMB 0.0120/share | | Operating Revenue | RMB 120.00 million to RMB 130.00 million | RMB 18.64 million | - This earnings forecast applies to a net loss scenario, and the financial data is unaudited413 Explanation of Performance Changes Revenue growth did not translate into profit, as increased liquor sales were offset by share-based payment expenses and new business costs - Operating revenue increased significantly year-over-year, primarily due to the rapid growth of the liquor sales business through established cooperation channels6 - The company recognized approximately RMB 15 million in share-based payment expenses related to the 2023 restricted stock incentive plan, contributing to the decline in net profit714 - The company actively developed its intelligent computing business, incurring significant initial operational costs that impacted current profits15 Risk Warning and Other Explanations The earnings forecast is a preliminary, unaudited estimate, and final figures will be disclosed in the official 2024 semi-annual report - This earnings forecast is a preliminary estimate by the company's finance department and has not been audited by a certified public accountant16 - The company advises investors that specific H1 2024 financial data will be detailed in the official semi-annual report, urging cautious decision-making916