SICC CO.(SH:688234)2024-07-14 09:04Financial Performance - The company expects to achieve operating revenue of between 880 million and 980 million CNY for the first half of 2024, an increase of 441.9854 million to 541.9854 million CNY compared to the same period last year, representing a year-on-year growth of 100.91% to 123.74%[1]. - The estimated net profit attributable to the parent company for the first half of 2024 is expected to be between 100 million and 110 million CNY, an increase of 172.0557 million to 182.0557 million CNY compared to the same period last year, achieving a turnaround from loss to profit[1]. - The estimated net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be between 95 million and 105 million CNY, an increase of 205.4024 million to 215.4024 million CNY compared to the same period last year, also achieving a turnaround from loss to profit[1]. Market Demand and Product Development - The significant increase in revenue and profit is primarily due to the continuous penetration of silicon carbide materials in the new energy vehicle and wind-solar storage application fields, with strong demand for high-quality, automotive-grade products[3]. - The company has strengthened cooperation with leading domestic and international manufacturers, leading to stable business development and increased product delivery capacity as the Shanghai Lingang factory's production capacity is released[3]. - The utilization rate of newly built production capacity has improved, and with the expansion of production scale, profitability has increased[3].