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Zhejiang Yongtai Technology Co., Ltd. announced preliminary estimated interim results on 10 July 2024 for the period 1 January to 30 June 2024. The company estimates net profit attributable to shareholders between RMB35 million and RMB45 million, and net profit after deducting non-recurring gains and losses between RMB31 million and RMB41 million. These unaudited figures compare to a net profit of RMB38.6515 million and a loss of RMB42.0643 million respectively for the corresponding period last year.
| Date | 10 Jul 2024 |
| Time | 10:09:41 |
| Category | Miscellaneous |
| ID | 8596V |
ZHEJIANG YONGTAI TECHNOLOGY CO., LTD.
(GDR under the symbol: "YTT")
(a joint stock company established under the laws of the People's Republic of China with limited liability)
Preliminary Estimation for the Interim Results of 2024
The Company and all members of the Board of Directors confirm that all the information contained in this information disclosure is true, accurate and complete and that there is no false and misleading statement or material omission in this information disclosure.
I. Preliminary Results for the Current Period
1. Period for the estimated results: 1 January 2024 to 30 June 2024;
2. Estimated results: Profit
|
Item |
Current reporting period |
Corresponding period last year |
|
Net profit attributable to the shareholders of the listed company |
Profit: RMB35 million -RMB45 million |
Profit: RMB38.6515 million |
|
Year-over-year growth: -9.45% to 16.42%. |
||
|
Net profit after deducting non-recurring gains and losses |
Profit: RMB31 million-RMB41 million |
Loss: RMB42.0643 million |
|
Year-over-year growth: 173.70% to 197.47%. |
||
|
Basic earnings per share |
Profit: RMB0.038/share - RMB0.049/share |
Profit: RMB0.04/share |
II. Communication with Accounting Firm
The financial data related to this preliminary results has not been audited by the accounting firm.
III. Explanation for the Changes in Results
During this reporting period, the market prices for lithium hexafluorophosphate and lithium carbonate, which are part of the company's lithium battery materials sector, exhibited relatively minor fluctuations. In contrast, during the same period of the previous year, there was a significant decrease in the market prices for these products and raw materials. This shift has resulted in the company's net profit, after the deduction of non-recurring gains and losses, reversing from a loss to a profit.
IV. Other Relevant Explanation
This preliminary result is based on the estimation of the Finance Department of the Company, and the specific financial data is subject to the 2024 interim report to be disclosed by the Company. Investors are kindly advised to make cautious decisions and pay attention to investment risks.
The Board of Directors
Zhejiang Yongtai Technology Co., Ltd.
10 July 2024