苏利股份(603585) - 2024 Q4 - 年度业绩预告

Financial Performance Expectations - The company expects a net profit attributable to shareholders for 2024 to be between -12 million and -8 million CNY, a decrease of 28.08 million to 32.08 million CNY compared to the previous year, representing a year-on-year decline of 139.85% to 159.77%[3] - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -13.35 million and -9.35 million CNY, a decrease of 31.05 million to 35.05 million CNY compared to the previous year, indicating a year-on-year decline of 143.09% to 161.53%[3] Factors Affecting Performance - The decline in performance is primarily due to lower sales prices of main products and a decrease in revenue from high-margin pesticide intermediates, leading to a decline in overall gross margin[3] - Increased depreciation and amortization costs from new projects at subsidiaries have significantly impacted financial performance, as these production lines are still ramping up capacity[3] - The company has experienced a decrease in interest income and an increase in interest expenses, resulting in a substantial rise in financial costs[3] Credit Rating and Market Conditions - The credit rating agency has assessed the company's individual credit rating as "aaa" and the issuer credit rating as "AA-/Stable"[4] - The company is facing increased operational pressure due to declining pesticide market conditions and rising depreciation and financial costs[4] - The agency will continue to monitor the impact of these factors on the company's management, business development, and financial status[4]