HONGDA CO.,LTD(SH:600331)2025-01-24 12:20Profitability Outlook - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between 33 million and 39 million yuan, a turnaround from a loss of 95.84 million yuan in the same period last year [3]. - The expected net profit after deducting non-recurring gains and losses is projected to be between 12 million and 15 million yuan for 2024 [3]. - The total profit for the previous year was -76.04 million yuan, with a net profit attributable to shareholders of the parent company at -95.84 million yuan [5]. Factors Influencing Profitability - The increase in profitability is primarily driven by a significant rise in orders for phosphate and compound fertilizer products due to favorable market conditions and government policies [7]. - Zinc smelting operations have turned profitable, with a notable increase in the recovery rates of precious metals such as gold and silver, alongside rising prices for these metals [7]. - The average price of synthetic ammonia is expected to decline by 18.73% in 2024 compared to 2023, impacting profitability in that segment [8]. Non-Recurring Items - The company recorded a non-recurring loss of 35.94 million yuan from the disposal of its stake in Sichuan Trust due to a restructuring plan [9]. - The company received a total of 38.11 million yuan from debt repayments related to bankruptcy settlements, positively impacting its financial results [10]. - Government subsidies recognized in 2024 amounted to 6.145 million yuan, contributing to the overall profit [10]. Financial Reporting - The financial data provided is preliminary and subject to change upon the release of the audited annual report [11].