Jiang Su Yida Chemical (300721)2025-01-17 11:26Financial Performance - The company expects a net profit of between 9 million and 13 million yuan for 2024, compared to a loss of 35.29 million yuan in the same period last year, indicating a turnaround [2]. - The net profit attributable to shareholders is projected to grow by 125.50% to 136.84% year-on-year [2]. - The preliminary performance forecast is based on initial calculations by the finance department and has not yet been audited [7]. - The specific data for the performance will be detailed in the company's 2024 annual report, highlighting the importance of investor awareness regarding investment risks [7]. Production and Operational Efficiency - The production capacity utilization rate for ether and ether ester products has increased, leading to a decrease in unit product costs and an increase in gross profit margin [5]. - The company's epoxy propane facility underwent a technical transformation and began trial production on November 25, 2024, improving product quality and energy efficiency [5]. - The company plans to optimize production processes and reduce costs while advancing the "annual production of 220,000 tons of epoxy propane derivative products" project [6]. - The company has received approvals for safety and environmental assessments for the upcoming projects, which will enhance its competitive edge in the market [6]. Market Challenges - Despite increased production and sales of hydrogen peroxide, the company did not achieve profitability in Q4 due to market fluctuations and reduced demand from downstream paper mills [5].