Wencan(SH:603348)2024-07-14 07:34Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for the first half of 2024 to be between 60 million and 80 million yuan, an increase of 49.57 million to 69.57 million yuan compared to the same period last year, representing a year-on-year increase of 475.19% to 666.91%[2]. - The estimated net profit attributable to shareholders of the parent company for the first half of 2024 is projected to be between 70 million and 90 million yuan, reflecting an increase of 56.09 million to 76.09 million yuan year-on-year, which corresponds to a growth of 403.21% to 546.99%[10]. - The company anticipates operating revenue of approximately 3,078 million yuan for the first half of 2024, indicating a year-on-year growth of about 20.16%[17]. Factors Driving Profit Growth - The profit increase is primarily driven by the launch of new models by domestic electric vehicle customers and the incremental production from existing projects, leading to higher product output and revenue[17]. - The proportion of revenue from body structure components and integrated large castings has increased due to the launch of new models, contributing to profit growth[17]. Operational Challenges and Improvements - The company has noted that previous delivery issues at certain factories of Bailian Group are gradually improving[17]. Forecast Accuracy and Investment Risks - The profit forecast data is based on preliminary calculations and has not been audited by registered accountants, with no significant uncertainties affecting the accuracy of the forecast[7][13]. - The company emphasizes the importance of investors being aware of investment risks as the forecast data is subject to change pending the official release of the 2024 semi-annual report[16].