Yongguan New Material(SH:603681)2024-07-12 07:44Financial Performance - The company expects a net profit attributable to shareholders for the first half of 2024 to be between 78 million and 92 million yuan, marking a turnaround from a loss in the same period last year [3]. - The estimated net profit excluding non-recurring gains and losses is projected to be between 63 million and 75 million yuan for the first half of 2024 [4]. - In the same period last year, the company reported a net loss attributable to shareholders of 21.42 million yuan [4]. - The company has seen an increase in government subsidies compared to the previous year, positively impacting its financial performance [6]. - The gross profit margin has improved year-on-year, contributing to the overall increase in revenue [5]. - The performance forecast is based on preliminary calculations and has not been audited by an accounting firm, indicating potential uncertainties [7]. Operational Efficiency - The company aims to enhance operational efficiency by optimizing internal processes and increasing capacity utilization, contributing to improved profitability [5]. Foreign Exchange Risks - The company has maintained an export ratio of approximately 70% in its main business over the past three years, exposing it to foreign exchange and credit risks [6]. - Adjustments to the forward foreign exchange hedging strategy have significantly reduced foreign exchange losses during the reporting period [6]. - The company emphasizes the importance of monitoring and managing foreign exchange risks due to fluctuating currency rates influenced by economic conditions [6].