RealsunChem: Expected net profit in 2024 to decrease by 71.88%-64.84% year-on-year

RealsunChem announced that from January 1, 2024, to December 31, 2024, the net profit attributable to shareholders of the listed company is expected to be between 20 million and 25 million yuan, a decrease of 71.88% to 64.84% compared to the same period last year. The net profit after deducting non-recurring gains and losses is expected to be between 17 million and 22 million yuan, a decrease of 74.63% to 67.17% compared to the same period last year. The decline in performance is mainly due to intense market competition leading to a decrease in sales prices and gross profit margins, as well as a reduction in interest income due to a decrease in the amount of idle raised funds used for cash management