ST Jinyuan: The estimated net loss for the half year is 20 million to 40 million yuan.

Recently, ST Jinyuan issued a semi-annual performance forecast for 2023, with a net loss of 20 million to 40 million yuan attributable to shareholders of listed companies, compared with a profit of 24.2878 million yuan in the same period last year. Net loss after deduction of non-recurring profit and loss amounted to RMB70 million to RMB90 million.    During the

reporting period, the Company's net profit attributable to shareholders of the listed company decreased as compared with the same period of last year, which was mainly due to the following reasons: ① The operating profit of the business of comprehensive utilization of solid and hazardous waste resources decreased due to the equipment shutdown and maintenance of Jiangxi Xinjinye Industrial Co., Ltd. and Jiangxi Huiying Environmental Protection Technology Co., Ltd. ② The operating rate of the Company's cement kiln collaborative hazardous waste disposal business was insufficient due to the shutdown of the cement plant and other reasons, resulting in a decrease in the volume of hazardous waste disposal and a decline in operating profit. ③ Zhongji Science and Technology Development (Maoming) Co., Ltd., a newly consolidated subsidiary, temporarily suspended production due to bankruptcy reorganization, resulting in consolidated losses. In the first half of 2023, it is estimated that the impact of non-recurring gains and losses on the net profit attributable to shareholders of listed companies will be about 45 million to 55 million yuan.