Yahua Group(002497)2024-07-10 12:48Financial Performance - The company's net profit attributable to shareholders for the first half of 2024 is expected to be between 80 million and 120 million yuan, representing a decline of 91.58% to 87.38% compared to the same period last year, where it was 950.6074 million yuan[3]. - The net profit after deducting non-recurring gains and losses is projected to be between 60 million and 90 million yuan, down 93.46% to 90.19% from 917.4014 million yuan in the previous year[3]. - The basic earnings per share are estimated to be between 0.0694 yuan and 0.1041 yuan, compared to 0.8248 yuan in the same period last year[3]. - The significant decline in performance is primarily due to the continuous drop in lithium market prices, with lithium salt product prices decreasing more than raw lithium prices[4]. Quarterly Performance - In Q2 2024, the net profit attributable to shareholders is expected to be between 65.0695 million and 105.0695 million yuan, an increase of 335.82% to 603.72% compared to Q1[9]. - The net profit after deducting non-recurring gains and losses for Q2 2024 is projected to be between 52.2632 million and 82.2632 million yuan, reflecting a growth of 575.51% to 963.27% from Q1[9]. - The company reported a 46% increase in explosive sales and a 54% increase in electronic detonator sales in Q2, with lithium salt product output rising by 11%[9]. Future Outlook - The company plans to continue expanding sales channels and expects growth in lithium salt and civil explosive product sales in the second half of the year[10]. - The full-scale production of the second phase of the Kamativi lithium mine project in Zimbabwe is expected to enhance resource self-sufficiency and reduce lithium salt product costs, positively impacting future operating performance[10]. - The financial data provided is preliminary and has not been audited, highlighting the need for investors to be aware of investment risks[10].