Luoniushan (000735)2024-07-12 11:11Financial Performance - The company expects a net profit attributable to shareholders of between 250 million and 310 million CNY, a significant increase compared to a loss of 115.17 million CNY in the same period last year, representing an increase of 317.08% to 369.17%[2] - The net profit after deducting non-recurring gains and losses is projected to be between 250 million and 310 million CNY, reflecting an increase of 341.00% compared to a loss of 128.63 million CNY in the previous year[2] - Basic earnings per share are expected to be between 0.2171 CNY and -0.2692 CNY, compared to a loss of 0.1000 CNY per share in the same period last year[2] Revenue Drivers - The increase in profit is attributed to the delivery of certain buildings in the second phase of the company's real estate project, which met revenue recognition criteria, leading to increased profit recognition compared to the previous year[3] - The company experienced a slight increase in both the quantity and average price of pig sales compared to the same period last year, while the cost of pig farming decreased, resulting in reduced losses in the pig farming segment[3] - The company reversed asset impairment provisions of approximately 210 million CNY during the reporting period, including a reversal of inventory impairment provisions of about 130 million CNY[4] Forecast and Risks - The company emphasizes that the performance forecast has not been audited and there are no significant uncertainties affecting the accuracy of the forecast[5] - Risks include significant fluctuations in pig market prices and animal disease risks, which could materially impact the company's operating performance[5] - The financial data presented is preliminary and will be finalized in the company's 2024 semi-annual report[6] - The performance forecast period covers January 1, 2024, to June 30, 2024[11]