CAHIC(600195)2024-07-09 07:47Financial Performance - The company expects a net profit attributable to shareholders for the first half of 2024 to be between 61.17 million and 83.42 million CNY, a decrease of 121.42 million to 148.67 million CNY compared to the same period last year, representing a year-on-year decline of 59.28% to 72.58%[2] - The preliminary estimate indicates a net profit of 60.80 million to 88.05 million CNY for the first half of 2024, down by 180.92 million to 208.17 million CNY from the previous year, reflecting a year-on-year decrease of 67.26% to 77.40%[6] - In the first half of 2023, the net profit attributable to shareholders was 268.97 million CNY, with a net profit of 204.84 million CNY after deducting non-recurring gains and losses[8] Factors Affecting Profit - The decline in profit is attributed to industry overcapacity, reduced profitability of breeding enterprises, fluctuating raw material prices, and intensified market competition leading to significant price drops[13] - The company reported a gain of 74.63 million CNY from the disposal of long-term equity investments in the first half of 2023, which did not occur in the first half of 2024, contributing to the profit decline[13] Market Position and Strategy - The company maintains a resilient market share and operational stability despite facing multiple pressures and is actively implementing cost reduction and efficiency enhancement strategies[13] - The performance forecast is subject to final confirmation in the official 2024 semi-annual report, and investors are advised to be aware of investment risks[14]