On July 10, Guronghui reported that Jiangsu Lanfeng Bio-Chemical (002513.SZ) has released a performance forecast for the first half of 2024. The net income attributable to the shareholders of the listed company for the reporting period is expected to be a loss of RMB 0.17 billion to 0.1 billion, compared with a loss of RMB 91.6607 million in the same period last year. The net income after deducting non-recurring gains and losses is expected to be a loss of RMB 150 million to 80 million, compared with a loss of RMB 98.4281 million in the same period last year. The basic earnings per share are expected to be a loss of RMB 0.48 per share to 0.28 per share.
During the reporting period, the market situation of the agricultural chemical sector of the company was not good. The prices of major products such as methomyl showed a downward trend, which affected the gross profit level of agricultural chemical products. The competition in the photovoltaic sector business market intensified. Although the company's battery and battery components shipments increased significantly compared to the same period last year, the continuous decline in the price of photovoltaic products led to a significant increase in the provision for the depreciation of inventories of photovoltaic products and a significant decrease in gross profit. Therefore, the photovoltaic sector incurred a large loss in the first half of the year, resulting in negative net income for the company in this period.