Yongxing's 2024 First Half-Year Performance Forecast
Jul 12, 2024
On July 10th, Yongxing Special Material Technology Co., Ltd. released its performance forecast for the first half of 2024, with net profits attributable to shareholders of the listed company ranging from 710 million yuan to 820 million yuan, a year-on-year decrease of 56.93% to 62.70%; the net profit excluding non-recurring gains and losses is between 540 million yuan and 650 million yuan, a year-on-year decrease of 65.96% to 71.72%. Basic earnings per share are 1.32 yuan/share to 1.53 yuan/share.
In the first half of the year, the company's special steel new material business has increased market development efforts and continued to promote the adjustment and optimization of product structure, with steady improvement in profitability. However, in the company's lithium battery new energy business, the price of lithium carbonate has significantly decreased compared to the same period last year, which has affected the year-on-year decrease in net profit attributable to the shareholders of the listed company.
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