According to the announcement from Keda Group (600499.SH), it is expected that the net profit attributable to shareholders of the listed company for the fiscal year 2024 will be between 900 million and 1.1 billion yuan, a decrease of 992 million to 1.192 billion yuan compared to the same period last year, representing a year-on-year decline of 47.42% to 56.98%. The net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, is expected to be between 800 million and 1 billion yuan, a decrease of 879 million to 1.079 billion yuan compared to the same period last year, representing a year-on-year decline of 46.78% to 57.42%.

During the reporting period, Lanke Lithium Industry achieved good growth in both production and sales year-on-year. However, due to the sluggish market price of lithium carbonate, Lanke Lithium Industry's performance significantly decreased by over 80% compared to the same period last year, resulting in a reduction of approximately 1 billion yuan in its impact on the net profit attributable to shareholders of the listed company compared to the previous year.

In addition, the company's ceramic machinery business accelerated its global layout, deepened localized services, and promoted product iteration and innovation during the reporting period, achieving continuous growth in overseas revenue and steady performance improvement. In the overseas building materials sector, the new production capacity released by subsidiaries drove stable growth in the production and sales of tile products. However, due to intensified market competition in the first half of the year, the short operational period of the newly launched glass project in the second half of the year, and increased expenses due to the establishment of the management structure for the overseas building materials business headquarters, the profitability of the overseas building materials business weakened during the period