盐湖股份(000792) - 2017 Q3 - 季度业绩预告

Financial Performance - The company expects a net loss for the period from January 1, 2017, to September 30, 2017, estimated between -980 million to -740 million CNY, compared to a profit of 260.25 million CNY in the same period last year [3]. - Basic earnings per share are projected to be between -0.3517 to -0.2656 CNY, down from a profit of 0.1401 CNY per share in the previous year [3]. - For the third quarter of 2017, the net loss is estimated between -389 million to -287.4 million CNY, compared to a loss of -69.11 million CNY in the same period last year [4]. Contributing Factors to Losses - The decline in potassium chloride sales volume compared to the same period last year is a contributing factor to the expected losses [7]. - Losses from subsidiaries, including Salt Lake Magnesium and Haina Chemical, have increased compared to the previous year, primarily due to capitalized interest expenses and increased depreciation [7]. - A fire incident at Haina Chemical has impacted production recovery, contributing to the financial losses [7]. Investment and Income - The company recorded an investment income of 248.87 million CNY from the disposal of equity in Shanghai Fuyou Real Estate Co., Ltd. in 2016, which is not expected to recur in 2017 [7]. Audit and Caution - The financial data in the earnings forecast has not been audited by a registered accountant [5]. - Investors are advised to exercise caution and consider investment risks as the earnings forecast is a preliminary estimate [8]. Capital Changes - The company implemented a capital reserve distribution plan on June 16, 2017, increasing total shares from 1,857,393,734 to 2,786,090,601 [4].