HUAJIN: Expected net profit loss of 2.6 billion to 2.9 billion yuan in 2024

On January 20th, Jinshi Data reported that HUAJIN announced an expected net loss attributable to shareholders of the listed company for 2024 ranging from 2.6 billion yuan to 2.9 billion yuan, a decrease of approximately 3798.44% to 4225.18% compared to a profit of 70.2999 million yuan in the same period last year. The net loss after deducting non-recurring gains and losses is expected to be between 2.67 billion yuan and 2.97 billion yuan, a year-on-year decrease of 23,400% to 26,000%. The basic earnings per share loss is expected to be between 1.63 yuan/share and 1.81 yuan/share, compared to a profit of 0.04 yuan/share in the same period last year. The performance change is mainly due to the company's routine maintenance every three years, as well as the impact of fluctuations in the international crude oil market and insufficient downstream demand in the petrochemical industry