Shanghai Hongda New Material (002211.SZ) released its performance forecast for the first half of 2024, with a net loss attributable to shareholders of the listed company of RMB 11.5 million to RMB 17 million, a decrease of 0.05%-47.90% year-on-year; after deducting non-recurring gains and losses, the net loss was RMB 4.5 million to RMB 8 million, an increase of 26.49%-58.65% year-on-year; the basic loss per share was RMB 0.0266 per share to RMB 0.0393 per share.
During the reporting period, the supply and demand of the rubber industry were still imbalanced, which had an adverse impact on the company's operational performance. Through optimizing operations, the company achieved a decrease in losses year-on-year. During the reporting period, the amount of non-recurring gains and losses of the company increased significantly, mainly due to the provision for expected liabilities of RMB 6.6708 million for investor lawsuits in accordance with the prudence principle.