On July 9th, GeLongHui announced Sichuan Hexie Shuangma (000935.SZ) 2024 half-year performance forecast. According to the initial calculation of the financial department, it is expected that the net income attributable to shareholders of the listed company will be 0.09 billion yuan to 0.13 billion yuan in the first half of 2024, a decrease of 80.20% to 71.40% compared to the same period last year; the net income after deducting non-recurring gains and losses will be 0.07 billion yuan to 0.11 billion yuan, a decrease of 84.18% to 75.14% compared to the same period last year; basic earnings per share will be 0.12 yuan/share - 0.17 yuan/share.
During the reporting period, the company's performance decreased year-on-year, mainly due to the impact of capital markets in the first half of 2024, which caused fluctuations in the fair value of projects invested by the company's invested funds. The projects invested by the funds in the same period last year received overall good returns. Secondly, the overall demand in the region where the company's building materials business is located was relatively weak, and both sales volume and price showed significant declines compared to the same period last year. The company actively took various cost-saving measures, including continuing to raise funds for the Yibin Hehe Green Industry Development Equity Investment Partnership (Limited Partnership), promoting the increase of management fee income, seeking various alternative raw materials to reduce production costs, and strictly controlling all expenses, which partially alleviated the decline in performance.