Shinghwa Advanced Material (SH:603026)2024-04-16 08:03Financial Performance - The estimated net profit attributable to shareholders for Q1 2024 is projected to be between 22 million and 33 million CNY, representing an increase of 14.0074 million to 25.0074 million CNY compared to the same period last year, with a year-on-year growth of 175.25% to 312.88%[7] - The estimated net profit after deducting non-recurring gains and losses for Q1 2024 is expected to be between 18 million and 29 million CNY, which is an increase of 10.4105 million to 21.4105 million CNY compared to the previous year, resulting in a year-on-year growth of 137.17% to 282.11%[1] - The earnings per share for Q1 2024 is projected to be 0.04 CNY[4] Operational Efficiency - The company's performance is supported by stable operations of its facilities and effective cost reduction and efficiency enhancement measures due to the recovery of downstream demand[4] Investment Caution - The performance forecast data is preliminary and subject to final confirmation in the official periodic report, highlighting the importance of investor caution regarding investment risks[5]