HUNAN SILVER(SZ:002716)2024-07-10 11:24Announcement Basic Information Hunan Baiyin Co., Ltd. issued its 2024 semi-annual performance forecast (No. 2024-078) on July 11, 2024 - Hunan Baiyin Co., Ltd. released its 2024 semi-annual performance forecast, Announcement No. 2024-0781 - This announcement was issued by the company's board of directors on July 11, 20248 Current Period Performance Forecast The company anticipates a turnaround to profitability in H1 2024, with significant increases in net profit and EPS Performance Forecast Period This performance forecast covers the semi-annual financial performance from January 1 to June 30, 2024 - The performance forecast period is from January 1 to June 30, 20242 Core Performance Forecast Data The company projects a turnaround to profitability in H1 2024, with net profit estimated at 50-70 million Yuan - The company expects to achieve a turnaround from loss to profit in the current reporting period2 Comparison of Core Financial Data in 2024 Semi-Annual Performance Forecast | Item | Current Reporting Period (Estimated) | Prior Year Period (Actual) | Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Profit: 50 Million Yuan to 70 Million Yuan | Loss: 7.9609 Million Yuan | Turn Loss into Profit | | Net Profit Excluding Non-Recurring Items | Profit: 9 Million Yuan to 13 Million Yuan | Loss: 12.0163 Million Yuan | Turn Loss into Profit | | Basic Earnings Per Share | Profit: 0.019 Yuan/share – 0.027 Yuan/share | Loss: 0.0036 Yuan/share | Turn Loss into Profit | Communication with Accounting Firm This performance forecast data is a preliminary estimate by the finance department and remains unaudited - The data in this performance forecast is a preliminary estimate by the company's finance department and has not been audited by an accounting firm3 Explanation of Performance Changes Performance improvement is driven by major asset restructuring, optimized management, and rising metal prices Impact of Major Asset Restructuring The company acquired 100% equity in Hunan Baoshan Mining, boosting operational scale and profitability through consolidation - The company completed the acquisition of 100% equity in Hunan Baoshan Mining Non-ferrous Metal Mining Co., Ltd., integrating Baoshan Mining into its consolidated financial statements4 - The major asset restructuring enhanced the company's operational scale and profitability4 Effectiveness of Operational Management Optimization Management implemented refined management, improving output, technical indicators, and achieving significant cost reduction - Company management actively promoted refined management, leading to year-on-year improvements in output and technical indicators4 - Significant achievements were made in cost reduction and efficiency improvement, with stable growth across various economic indicators4 Rising Non-ferrous Metal Prices Rising market prices for key non-ferrous metals like silver, gold, and lead positively impacted performance - During the reporting period, prices for non-ferrous metals such as silver, gold, and lead continued to rise5 Other Relevant Information This preliminary forecast's final data is subject to the official semi-annual report, with disclosures via designated media Nature and Limitations of Performance Forecast This preliminary performance forecast's final data is subject to the officially disclosed 2024 semi-annual report - This performance forecast is a preliminary estimate by the company's finance department6 - The specific financial data will be subject to the company's officially disclosed 2024 semi-annual report6 Information Disclosure Channels The company designates "China Securities Journal," "Shanghai Securities News," "Securities Times," "Securities Daily," and Juchao Information Network as official media - The company's designated information disclosure media include "China Securities Journal," "Shanghai Securities News," "Securities Times," "Securities Daily," and Juchao Information Network (www.cninfo.com.cn)[6](index=6&type=chunk)