On July 9th, Gelonhun disclosed the 2024 semi-annual results forecast of Zhejiang Jihua (603980.SH), and it is expected to achieve a net income attributable to shareholders of the listed company of approximately 10.2 million yuan in the first half of 2024, an increase of about 369.08% year-on-year. It is expected that the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses for the first half of 2024 will be approximately -13.95 million yuan, an increase of about 74.77% year-on-year.
During the reporting period, the overall effective demand in the market was weak, and the price of dyes decreased compared with the same period last year. The company took active measures to reduce costs and increase efficiency internally, and the cost decreased significantly year-on-year. Externally, the company increased its application and service efforts and actively promoted sales, achieving the same level of sales volume as last year. The cost reduction covered the unfavorable effects of changes in sales volume and selling price, and increased profitability in this reporting period.