SPC(SH:600688)2024-07-11 11:13Financial Performance - The estimated net profit attributable to shareholders for the first half of 2024 is expected to be between RMB 24.57 million and RMB 36.85 million, marking a turnaround from a loss in the same period last year[2] - The estimated net profit attributable to shareholders, excluding non-recurring gains and losses, is expected to be between RMB 49.53 million and RMB 74.29 million, also indicating a turnaround from a loss in the previous year[2] - The net profit attributable to shareholders for the same period last year was a loss of RMB 988.28 million[4] - The net profit attributable to shareholders, excluding non-recurring gains and losses, for the same period last year was a loss of RMB 972.15 million[5] Factors Influencing Profitability - The primary reason for the expected profit in the first half of 2024 is the overall increase in international oil prices and steady recovery in market demand, leading to higher average product prices compared to crude oil processing costs[6] - The company has optimized production operations, contributing to increased product gross margins and profitability[6] Forecast Accuracy - There are no significant uncertainties affecting the accuracy of this earnings forecast[7] - The forecast data is preliminary and subject to confirmation in the official 2024 semi-annual report[7]