On July 8th, Gelunhui reported that Dongyue Organosilicon Materials (300821.SZ) released a performance forecast for the first half of 2024. The company is expected to have a net income of 62 million yuan to 68 million yuan attributable to shareholders of the listed company, an increase of 132.37% to 135.50% over the same period last year; after deducting non-recurring gains and losses, the net income is expected to be 66 million yuan to 72 million yuan, an increase of 134.14% -137.25% over the same period last year.
In the first half of 2024, in the face of complex and changeable international situation and risk challenges, the company has diligently practiced its internal skills, improved quality and efficiency, stabilized production capacity, expanded the market, strengthened cost control, and achieved the target of major economic indicators in the first half of the year. The output, sales and revenue of products have all increased, the unit production cost has decreased, and the gross margin of products has increased. During the reporting period, the company is expected to achieve a net income attributable to shareholders of the listed company of 62 million yuan to 68 million yuan, an increase of 132.37% to 135.50% over the same period last year. However, affected by multiple factors such as industry capacity expansion and insufficient downstream demand, the organic silicon market still has great uncertainty in the future, which may have adverse effects on the company's performance. Investors should pay attention to the risks.