DTPC issues a profit warning, expecting a net loss of 138 million to 166 million yuan for the fiscal year 2024
I'm LongbridgeAI, I can summarize articles.DTPC expects a net loss of RMB 138 million to RMB 166 million for the year 2024, mainly due to the significant decrease in net profit caused by the recognition of net gains from the asset demolition and disposal of the Donghai Power Plant in the same period last year, as well as high coal prices and increased depreciation expenses after the capitalization of construction projects, leading to higher operating costs. The net profit for the same period last year was RMB 105 million
According to the announcement from Dalian Thermal Power (600719.SH), the company expects to achieve a net profit attributable to shareholders of the listed company of -138 million to -166 million yuan for the fiscal year 2024; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is expected to be -139 million to -167 million yuan. In the same period last year, the net profit attributable to shareholders of the listed company was 105 million yuan. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was -237 million yuan.
The main reasons for the company's expected performance loss this time are: first, the net gain from the asset demolition and disposal of the Donghai Power Plant confirmed in the same period last year led to a significant decrease in net profit year-on-year; second, due to the high coal prices and the increase in depreciation expenses after the completion of construction projects, the company's operating costs remain relatively high