Zhejiang Tiantie Industry (SZ:300587)2024-07-22 10:09Financial Performance - The company expects a net profit attributable to shareholders of between 79 million and 83 million CNY, representing a year-on-year increase of 84.95% to 94.31% compared to 42.71 million CNY in the same period last year[8]. - The net profit after deducting non-recurring gains and losses is projected to be between 33 million and 37 million CNY, reflecting a year-on-year growth of 2.28% to a decline of 14.67% compared to 32.27 million CNY last year[8]. - The estimated impact of non-recurring gains and losses on the company's net profit is approximately 46 million CNY[4]. Revenue Growth - The company's revenue growth is attributed to the recovery of construction projects in the urban rail transit sector, which positively impacted the vibration reduction business[3]. - The shift in the urban rail transit industry towards high-quality development is expected to benefit the company's operations moving forward[3]. Lithium Business Challenges - The lithium business faced challenges in 2023 due to a cyclical downturn, but prices for lithium products have shown signs of recovery in the first half of 2024[10]. - The company has made provisions for inventory impairment in its lithium business due to significant price declines in 2023, which are being reversed as prices recover[10]. Strategic Focus - The company has been focusing on providing comprehensive value-added services to enhance construction efficiency and accelerate project progress[3]. - The company is committed to aligning its operations with market demands and customer needs in the context of macroeconomic stability[3]. Investor Communication - The company plans to disclose detailed financial data in the 2024 semi-annual report, urging investors to pay attention to investment risks[4].