Jianfeng Group: Expected First Half Net Profit of 38 Million to 56 Million

2024-07-09 16:50:41

During the reporting period, the demand for cement was weak, the market competition was fierce, the sales volume and price of the company's cement products decreased year-on-year, and the revenue and gross profit margin decreased year-on-year.

On the evening of July

9, Jianfeng Group issued a semi-annual performance forecast. The company expects a sharp decline in performance from January to June 2024. The net profit attributable to shareholders of listed companies is 38 million to 56 million, and the net profit is 65.96% to 49.83% lower than the same period last year.

The Company made the above forecast based on the following reasons: The main reasons for the changes in the results for the first half of 2024 are:

1. During the reporting period, the demand for cement was weak, the market competition was fierce, the sales volume and price of the Company's cement products decreased year-on-year, and the revenue and gross profit margin decreased year-on-year.

2、 that during the reporting period, the company's sales of pharmaceutical products declined, the market competition of intermediates and pesticides further intensified, the sales price continued to decline, and the gross profit margin declined.

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Correlation

Recently, due to the persistent cost pressure in the south, the price of concrete has risen slightly with the raw materials, but the growth of market demand is limited, and the overall quotation is still stable. From October 31 to November 6, the national concrete price index closed at 112.47 points, up 0.31% annually and down 10.11% year-on-year.