On July 9th, Gelunhui reported that Baotong Energy (001376.SZ) released its performance forecast for the first half of 2024. According to preliminary calculations by the finance department, it is expected that the company's net income attributable to shareholders of listed companies in the first half of 2024 will be between 0.098 billion yuan and 0.118 billion yuan, a year-on-year increase of 45.57%-75.28%; the net income after deducting non-recurring gains and losses will be between 0.09 billion yuan and 0.11 billion yuan, a year-on-year increase of 40.69%-71.88%; and the basic earnings per share will be between 0.21 yuan/share and 0.26 yuan/share.
The main reasons for the company's expected increase in performance during the reporting period are: 1) Increase in sales of gasoline and electricity: (1) The addition of some customers and an increase in the usage of stored customers led to an increase in the company's sales of gasoline compared to the same period last year; (2) The company's wholly-owned subsidiary, Baitong Hongda Heat (Siyang) Co., Ltd. and Cao County Baitong Hongda Heat Co., Ltd. increased their online electricity sales, leading to an increase in electricity sales compared to the same period last year. 2) During the reporting period, the company strengthened lean management, reduced production costs, and increased gross margin compared to the same period last year, resulting in an increase in net income attributable to the parent company.