Qinghai Salt Lake Industry (SZ:000792)2016-10-14 16:00Financial Performance - The estimated net profit attributable to shareholders for the period from January 1 to September 30, 2016, is expected to be between 24,400,000 and 35,250,000 CNY, a decrease from 54,234,770 CNY in the same period last year [3]. - The basic earnings per share for the same period is projected to be between 0.1314 and 0.1898 CNY, down from 0.3410 CNY year-on-year [3]. - For the period from July 1 to September 30, 2016, the estimated net loss attributable to shareholders is expected to be between 2,720,000 and 5,440,000 CNY, compared to a profit of 18,135,390 CNY in the same period last year [4]. - The basic earnings per share for this quarter is projected to be a loss between 0.0146 and 0.0293 CNY, down from a profit of 0.1140 CNY year-on-year [4]. Reasons for Decline - The main reasons for the decline in net profit include the cancellation of the value-added tax refund policy for potash fertilizer products, resulting in a reduction of 430,000,000 CNY in tax refunds compared to the previous year [6]. - Additionally, there was a decrease in the sales price of potash fertilizer products compared to the same period last year [6]. Financial Reporting - The financial data in this earnings forecast has not been audited by a registered accountant [5]. - This earnings forecast is a preliminary estimate by the company's finance department, and specific financial data will be disclosed in the company's third-quarter report [8]. - The announcement was made by the board of directors of Qinghai Salt Lake Industry Co., Ltd. on October 15, 2016 [10]. Investor Advisory - The company advises investors to make cautious decisions and be aware of investment risks [8].