Yes Optoelectronics (Group) (SZ:002952)2024-07-10 11:052024 Semi-Annual Performance Forecast Current Period Performance Forecast The company forecasts a significant year-on-year decline in H1 2024 net profit attributable to shareholders, with expected profits of 6.84 million to 10.24 million yuan, a 75.75% to 83.80% decrease Key Performance Indicators for H1 2024 Performance Forecast | Indicator | Current Period (Jan 1 - Jun 30, 2024) | Prior Period | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Profit: 6.84 million yuan – 10.24 million yuan | Profit: 42.235 million yuan | | Year-on-Year Change | Decrease: 75.75% - 83.80% | - | | Net Profit Excluding Non-Recurring Items | Profit: 5.64 million yuan – 8.44 million yuan | Profit: 41.7458 million yuan | | Year-on-Year Change | Decrease: 79.78% - 86.49% | - | | Basic Earnings Per Share | Profit: 0.04 yuan/share – 0.06 yuan/share | Profit: 0.26 yuan/share | Communication with Accounting Firm The company has conducted preliminary communication with its annual audit accounting firm regarding the performance forecast, with no disagreements, though the financial data remains unaudited - The financial data in this performance forecast is unaudited by the accounting firm, but preliminary communication with the audit institution indicates no disagreements8 Explanation of Performance Changes The significant decline in H1 2024 net profit is attributed to intensified market competition leading to lower product selling prices and initial losses from the newly operational Vietnamese subsidiary - Intensified market competition, leading to a decrease in product selling prices, is a contributing factor to the decline in net profit4 - The Vietnamese subsidiary, 'Qixin Optoelectronics,' officially commenced production in June 2024, with its operating losses in the first half of the year impacting the company's overall performance9 Risk Warning The company emphasizes that this performance forecast is a preliminary, unaudited financial estimate, with final accurate data subject to the official 2024 semi-annual report, urging investors to exercise caution - This performance forecast represents preliminary, unaudited financial results from the company's finance department, with final data subject to the 2024 semi-annual report10 - The company advises investors to make cautious decisions and be aware of investment risks5