On July 8th, Grace News announced its 2024 half-year performance forecast. The company expects a net loss attributable to shareholders of the listed company of 29-36 million yuan in the first half of the year, compared with a loss of 11.8391 million yuan in the same period last year. After deducting non-recurring gains and losses, the net loss is expected to be 32-39 million yuan, compared with a loss of 15.5441 million yuan in the same period last year. The basic loss per share is expected to be 0.20 yuan/share to 0.25 yuan/share, compared with a basic loss per share of 0.08 yuan/share in the same period last year.
During the reporting period, the market price of pesticide raw materials continued to be at the bottom and the selling prices and gross margins of the company's main products declined significantly year-on-year, leading to the company's performance loss. The company actively responded to market competition, deepened cost reduction and efficiency improvement, flexibly adjusted sales strategies, seized market sales share, and steadily increased production and sales during the reporting period. The company will continue to expand domestic and foreign markets, accelerate technological research and development, continuously optimize product structure, enhance market competitiveness, promote cost reduction and efficiency improvement, and improve business performance.
