Sanhe Pipe Pile (003037.SZ) released the forecast for its performance for the first half of 2024. The net income attributable to the shareholders of the listed company is 1.55 million yuan to 2.3 million yuan, a decrease of 97.19% to 95.83% compared with the same period last year. After deducting the non-recurring gains and losses, the net income was a loss of 7 million yuan to 10 million yuan, down 116.95% to 124.22% from the same period last year. The basic earnings per share are 0.0026 yuan/share to 0.0038 yuan/share.
During the reporting period, due to various factors such as weak market demand, increasing industry competition, and imbalanced supply and demand in some regions leading to a decline in product prices, the net income of the company decreased compared with the same period of last year. Non-recurring gains and losses during the reporting period are estimated to have an impact of approximately RMB 10.36 million on the net income attributable to shareholders of the listed company, a decrease of approximately RMB 3.52 million compared with the same period last year, primarily due to the increase in non-operating expenses.