Financial Performance - The company's operating revenue for 2023 is expected to be CNY 636.53 million, a decrease of 6.34% compared to the previous year[3]. - The net profit attributable to shareholders is projected to be CNY 62.52 million, down 44.03% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be CNY 57.93 million, a decline of 47.47% from the previous year[5]. - The overall decline in profit is attributed to a sluggish market for magnesium raw materials and increased management costs[5]. Assets and Equity - Total assets at the end of the reporting period are estimated to be CNY 1,377.92 million, an increase of 27.35% compared to the beginning of the year[4]. - Shareholders' equity is expected to reach CNY 934.80 million, reflecting a growth of 26.16% year-on-year[4]. Raw Material Prices - The average selling price of the main raw material, electric fused magnesium, decreased by 16% despite stable sales volume of nearly 90,000 tons[6]. - The average selling price of calcined light burned powder fell by 17%, with sales volume around 85,000 tons, contributing to profit decline[6]. Management and Caution - Increased management expenses due to pre-production costs for high-purity magnesium sand and other factors have negatively impacted profits[7]. - The company warns that the financial data presented is preliminary and has not been audited, urging investors to be cautious[8].
东和新材(839792) - 2023 Q4 - 年度业绩