HYC(000586)2024-07-09 10:29Financial Performance Expectations - The company expects a net loss of approximately 5 million to 7.5 million CNY for the first half of 2024, a decline of 134.02% to 151.02% compared to a profit of 14.7 million CNY in the same period last year [2]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of 5.5 million to 8 million CNY, down 139.69% to 157.73% from a profit of 13.86 million CNY in the previous year [2]. - Basic earnings per share are expected to be a loss of approximately 0.026 to 0.039 CNY per share, compared to earnings of 0.076 CNY per share last year [2]. Reasons for Performance Decline - The primary reason for the performance decline is attributed to reduced project wins in the power cable and online monitoring business due to intense market competition, leading to decreased sales of high-margin products [4]. Future Strategies - The company plans to enhance operational performance in the second half of the year by focusing on innovation, increasing product competitiveness, and expanding market share [5]. - There will be an increased emphasis on research and development to explore new business opportunities [5]. Financial Reporting Caution - The financial data in the earnings forecast has not been audited by the accounting firm, and the final figures will be disclosed in the 2024 semi-annual report [6]. - The company warns investors to be cautious and consider risks, as the preliminary financial data may differ from the final report [6].