桐昆股份(601233) - 2024 Q2 - 季度业绩预告

Financial Performance Forecast - The company expects a net profit attributable to shareholders for the first half of 2024 to be between CNY 1,000 million and CNY 1,150 million, an increase of CNY 894.67 million to CNY 1,044.67 million compared to the same period last year, representing a growth rate of 849.40% to 991.81%[3] - The net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be between CNY 850 million and CNY 1,000 million, an increase of CNY 890.74 million to CNY 1,040.74 million year-on-year, with a growth rate of 2,186.62% to 2,554.85%[4] - The net profit attributable to shareholders, excluding investment income from joint ventures and associates, is expected to be between CNY 600 million and CNY 750 million, an increase of CNY 144.97 million to CNY 294.97 million compared to the previous year, with a growth rate of 31.86% to 64.82%[4] - The net profit for the same period last year was CNY 105.33 million, with a net profit of CNY -40.74 million after excluding non-recurring gains and losses[5] Factors Influencing Performance - The significant increase in performance is attributed to improved downstream demand in the polyester filament industry and enhanced production capacity from the company's investment in Zhejiang Petrochemical Co., Ltd.[6] - The company received substantial non-operating income from government subsidies and asset disposals, although these did not significantly impact the overall performance increase[7] - The accounting treatment during the reporting period did not have a major impact on the company's performance increase[7] - The low comparison base from the previous year significantly influenced the performance increase for the current period[7] Investment Income and Forecast Uncertainty - The profit from Zhejiang Petrochemical Co., Ltd. is a major source of investment income from joint ventures and associates, with potential adjustments to its operating data posing a significant uncertainty for the performance forecast[8] - The forecast data is preliminary and subject to change, with the final financial data to be disclosed in the official half-year report[8]