SHREG(000803)2024-07-10 14:28Financial Performance - The company expects a net profit loss of approximately 35 million to 37 million CNY for the first half of 2024, a decline of 186.25% to 191.18% compared to a profit of 40.58 million CNY in the same period last year[3]. - The net profit after deducting non-recurring gains and losses is projected to be between 0 and 2 million CNY, down 95.19% to 100% from a profit of 41.62 million CNY in the previous year[3]. - Basic earnings per share are expected to be a loss of 0.07 CNY per share, compared to a profit of 0.09 CNY per share in the same period last year[3]. Legal Issues - The decline in performance is primarily attributed to a first-instance lawsuit loss leading to a provision for estimated liabilities of approximately 39 million CNY, and a decrease in the industrial-grade mixed oil market price[5][7]. - The company is currently involved in a legal dispute with Beijing Lianyou, which has implications for its financial liabilities and future cash flows[6][7]. - The company plans to appeal the first-instance judgment that requires it to repay approximately 39 million CNY to Beijing Lianyou[7]. Business Operations - The company has not initiated any new projects or expansions, resulting in a reduction in energy-saving and environmental protection equipment and supporting engineering business[5]. - The financial data presented is preliminary and will be detailed in the company's 2024 semi-annual report[8].