On July 9th, Gelun Hui reported that Kunwu Jiuding Investment Holdings (600053.SH) announced a performance pre-reduction notice for the first half of 2024. According to preliminary calculations by the finance department, it is expected to achieve a net income of 6 million yuan to 8.5 million yuan attributable to the shareholders of the listed company in the first half of 2024, a decrease of 57.55 million yuan to 60.05 million yuan compared to the same period last year, a year-on-year decrease of 87% to 91%.
It is expected to achieve a net income after deducting non-recurring gains and losses of 1.8 million yuan to 2.6 million yuan attributable to shareholders of the listed company in the first half of 2024. This is a decrease of 63.27 million yuan to 64.07 million yuan compared to the same period last year, a year-on-year decrease of 96% to 97%.
The company's private equity investment management business' existing funds' entry and exit period resulted in reduced management fee income. At the same time, the number of project exits decreased from the same period last year, which led to a decrease in the management fee income charged by the company, as well as a decrease in the company's own capital investment income. These reasons combined resulted in a year-on-year decrease in the company's performance for this period.