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Guangzhou Tinci Materials Technology (002709): Electrolyte profit hits bottom.
Investment Highlights: The company has released a performance forecast for the first half of 24. The net profit attributable to the parent in the first half of 24 is expected to be 0.21-0.26 billion yuan, a decrease of 80%-84% year-on-year, and the non-net profit is expected to be 0.17-0.21 billion yuan, a decrease of 83%-87% year-on-year; Q2 in 24 net profit attributable to the parent
Guangzhou Tinci Materials Technology: 2024 half-year performance forecast
Guangzhou Tinci Materials Technology (002709.SZ): Net income in the first half of the year is expected to drop by 79.82%-83.70%.
Tinci Materials (002709.SZ) announced its 2024 semi-annual performance forecast on July 10. The net profit attributable to shareholders of the listed company is expected to be between RMB 0.21 billion to RMB 0.26 billion, a decrease of 83.70% to 79.82% from the same period last year. After deducting non-recurring gains and losses, the net profit attributable to shareholders is expected to be between RMB 0.17 billion to RMB 0.21 billion, a decrease of 86.62% to 83.48% compared to the same period last year. The basic earnings per share are expected to be between RMB 0.11/share - RMB 0.14/share. Although the sales of the company's lithium-ion electrolyte products have maintained growth, the competition in the new energy industry has intensified and the demand growth rate is lower than expected.
Express News | Guangzhou Tinci Materials Technology: net income is expected to decrease by 83.70% to 79.82% YoY in the first half of the year.
Guangzhou Tinci Materials Technology (002709): Integrated layout highlights cost advantages, electrolyte leads position stable.
Investment Points: The company has been deeply rooted in the field of electrolytes, and its market share has continued to maintain the global first place. The integrated layout of the electrolyte industry chain has obvious cost advantages and is expected to benefit from the continuous increase in downstream demand brought by power and energy storage battery; accelerating development of new energy structural adhesive business.
Guangzhou Tinci Materials Technology (002709): Profit bottom expected to be established, electrolyte leader welcomes the turning point.
The profitability of electrolytes has bottomed out and stabilized, and the industry's production capacity is accelerating clearing. Electrolyte has obvious cyclical properties and has experienced significant profit fluctuations in history. Under the dual impact of the rapid decline in upstream lithium carbonate prices and the slowdown in downstream demand growth, the current downward price cycle has lasted for more than 2 years.
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