Polaris Bay (600155)2024-07-09 11:27Financial Performance - The company expects a net profit of between 35 million and 50 million CNY for the first half of 2024, representing a year-on-year decline of 84.10% to 88.87% compared to 314.53 million CNY in the same period of 2023[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 33 million and 48 million CNY, down 84.17% to 89.12% from 303.32 million CNY in the first half of 2023[3]. - Basic earnings per share are expected to be between 0.02 CNY and 0.05 CNY, compared to 0.14 CNY per share in the same period last year[3]. Factors Affecting Performance - The significant decline in net profit is attributed to reduced fair value gains from equity investments and increased credit impairment losses due to market volatility[4]. Business Growth and Strategy - The company reported steady growth in revenue from asset management and bond investment businesses during the reporting period[4]. - Future strategies will focus on digital transformation and serving the real economy, optimizing asset allocation, reducing financing costs, and improving profitability[4]. Reporting and Forecasting - The performance forecast data is preliminary and subject to change, with the final figures to be disclosed in the official half-year report[5].