惠云钛业(300891) - 2024 Q4 - 年度业绩预告

Financial Performance - The company's net profit attributable to shareholders is expected to be between 3,755.25 million RMB and 4,103.80 million RMB, representing a year-on-year decline of 87.21% to 90.86%[4]. - The net profit after deducting non-recurring gains and losses is projected to be between 3,505.00 million RMB and 4,086.46 million RMB, indicating a decrease of 87.76% to 91.44% compared to the previous year[4]. Market Conditions - The decline in profit is attributed to intensified industry competition and a weak market price for titanium dioxide, with prices expected to decline in the second half of 2024[6]. Expenses and Investments - Increased depreciation and interest expenses related to convertible bonds are anticipated due to the gradual completion of fundraising and technical transformation projects[6]. - The overall scale effect of the company's production lines is expected to take time to achieve, impacting profitability in 2024[7]. Financial Reporting - The financial data presented is preliminary and has not been audited by the accounting firm, with final figures to be disclosed in the 2024 annual report[5][8].