Vanfund(SZ:000638)2024-07-12 10:38Financial Performance - The company expects a net profit attributable to shareholders of 700,000 RMB for the first half of 2024, compared to a loss of 9,258,900 RMB in the same period last year, indicating a turnaround [3]. - The net profit after deducting non-recurring gains and losses is projected to be between 300,000 RMB and 450,000 RMB, compared to a loss of 9,364,700 RMB in the previous year [3]. - Basic earnings per share are expected to be between 0.0022 and 0.0034 RMB, recovering from a loss of 0.0299 RMB per share in the same period last year [3]. Business Operations - The increase in military business operations has positively impacted the overall performance of the company compared to the previous year [5]. Debt Management - The company has recovered approximately 7,800,000 RMB in credit impairment losses through active collection of prior receivables [6]. - The company is currently negotiating the renewal of a loan of 43,000,000 RMB that became overdue on October 24, 2023, with no other overdue loans reported [8]. - The major shareholder, Wan Fang Yuan, is subject to a court ruling requiring the sale of 9,086,000 shares (29.18% of total shares) to repay debts, which may lead to a change in the company's controlling shareholder [10]. - The company has committed to rectifying issues raised by the regulatory authority regarding overdue debts and is actively working to resolve the situation [9]. Reporting and Disclosure - The preliminary financial data presented is subject to further detailed disclosure in the company's 2024 semi-annual report [12].