MAE(SZ:002009)2024-07-10 11:02Financial Performance - The company expects a net loss of approximately 70 million to 80 million RMB for the first half of 2024, representing an improvement of 76.90% to 79.78% compared to a net loss of 346.25 million RMB in the same period last year [2]. - The net loss after deducting non-recurring gains and losses is estimated to be between 73 million and 85 million RMB, showing an increase of 75.15% to 78.66% compared to a loss of 342.08 million RMB in the previous year [2]. - Basic loss per share is projected to be between 0.17 and 0.20 RMB, compared to a loss of 0.93 RMB per share in the same period last year [2]. - The performance forecast is based on preliminary estimates by the company's finance department and has not been audited, indicating potential discrepancies with the final report [4]. Business Challenges - The lithium battery recycling business faced challenges due to insufficient downstream demand and low prices for key materials, leading to lower-than-expected revenue and losses in this segment [3]. - The smart equipment business experienced revenue shortfalls due to project delivery schedule adjustments requested by clients, impacting profitability in the first half of 2024 [8]. - The company anticipates investment losses from its associate company, Wuxi Youqi Intelligent Technology Co., Ltd., which continued to incur losses in the first half of 2024 [11]. Operational Measures - The company has taken measures to improve operational quality in the lithium battery recycling business, including exploring overseas raw material channels and enhancing inventory management [3]. Investor Communication - The company emphasizes the importance of monitoring investment risks and encourages investors to pay attention to the official half-year report for accurate data [4]. - All members of the board guarantee the authenticity, accuracy, and completeness of the disclosed information, with no false records or misleading statements [7].