Tongxing Environmental Protection Technology (003027.SZ) announced its performance forecast for the first half of 2024. According to preliminary calculations by the finance department, it is expected to achieve a net income attributable to shareholders of the listed company of 18.2105 million yuan to 22.9452 million yuan, a decrease of 42.29% to 54.20% compared to the same period last year. After deducting non-recurring gains and losses, the net income is expected to be 5.3699 million yuan to 10.1046 million yuan, a decrease of 68.47% to 83.24% compared to the same period last year. The basic earnings per share is expected to be 0.14 yuan/share to 0.17 yuan/share.
Due to intensified market competition during the reporting period, the company lowered the catalyst sales price and the gross profit of the catalyst decreased, resulting in a decrease in net income.