2024-04-23 12:11Financial Performance Forecast - The estimated net profit for Q1 2024 is projected to be a loss between 4.3 billion yuan and 3.6 billion yuan, compared to a profit of 487.52 million yuan in the same period last year[3]. - The estimated net profit after deducting non-recurring gains and losses is projected to be a loss between 4.4 billion yuan and 3.6 billion yuan, compared to a profit of 483.63 million yuan in the same period last year[3]. - The basic earnings per share is expected to be a loss between 2.62 yuan and 2.20 yuan per share, compared to a profit of 2.97 yuan per share in the same period last year[3]. Factors Affecting Performance - The significant decline in performance is primarily due to the sharp drop in lithium product sales prices compared to the same period last year, leading to a substantial decrease in gross profit[4]. - The company anticipates a significant decrease in investment income from its associate company SQM due to a recent court ruling affecting SQM's tax disputes, which is expected to reduce SQM's net profit by approximately 1.1 billion USD in Q1 2024[5]. - The company has not yet received SQM's Q1 2024 earnings report, and the estimates are based on Bloomberg's forecasts for SQM's earnings per share[4]. Caution and Disclosure - The performance forecast is preliminary and has not been audited, and actual financial data may differ from these estimates[6]. - The company will disclose detailed financial data in its Q1 2024 report, which will be published later[6]. - Investors are advised to pay attention to the risks associated with the preliminary nature of the earnings forecast and the potential discrepancies with SQM's actual results[6]. - All publicly disclosed information is based on announcements made in designated media and should be considered by investors for rational investment decisions[6].