Financial Performance Expectations - The company expects a net profit attributable to shareholders of approximately RMB 253 million to RMB 379 million for the year ending December 31, 2024, indicating a turnaround from a loss in the previous year[4]. - The estimated net profit excluding non-recurring gains and losses is expected to be between RMB 270 million and RMB 405 million, also reflecting a turnaround from the previous year's loss[6]. - The previous year's net profit attributable to shareholders was a loss of RMB 1.41 billion[5]. Reasons for Turnaround - The main reasons for the expected turnaround include a decline in international oil prices, gradual recovery in market demand, and continuous optimization of production operations and product structure, leading to an increase in product gross margin[8]. Forecast Validity - The company emphasizes that the above forecasts are preliminary and subject to final confirmation in the 2024 annual report[10]. - There are no significant uncertainties affecting the accuracy of this earnings forecast[9].
上海石化(600688) - 2024 Q4 - 年度业绩预告(更正)