Yunnan Luoping Zinc & Electricity (002114.SZ) announced that it is expected to have a net income of shareholders of the listed company in the first half of 2024…
According to the announcement made by Yunnan Luoping Zinc & Electricity (002114.SZ), the estimated net income attributable to the shareholders of the listed company in the first half of 2024 is between 1.5 million yuan and 2.5 million yuan, compared to a loss of 94.9963 million yuan in the same period last year.
Reasons for the performance change: Firstly, the company focused on improving production efficiency and refining management during the reporting period, and the zinc smelting recovery rate increased significantly compared to the same period last year. Secondly, during the reporting period, the company sold some zinc products through forward price sales, resulting in increased revenue due to price increases. Thirdly, the estimated liabilities (1017 investors lawsuit) provided in the previous year have all been settled or judged during the reporting period, and the estimated liabilities previously accounted for in multiple years have been reversed by 6.7977 million yuan during the reporting period. Fourthly, the inventory markdown provision decreased year-on-year as a result of the continuous increase in market prices for inventory during the reporting period.