Yahua Group Anticipates 87%-92% Drop in First-Half Net Profit Due to Lithium Market Decline, Yet Expects Significant Recovery in Q2 2024

Published: Jul 11, 2024 09:04

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[Yahua Group: Expected Net Profit in the First Half of the Year to Decline by 87%-92% Year-on-Year] Yahua Group has issued an announcement stating that it expects its net profit in the first half of the year to range from 80 million yuan to 120 million yuan, representing a year-on-year decrease of 87.38% to 91.58%. During the reporting period, the market price of the lithium industry continued to decline, especially the price of lithium salt products, which fell more significantly than the price of lithium raw materials, leading to a significant drop in the company's operating performance compared with the same period last year. In the second quarter of 2024, the net profit attributable to shareholders of the listed company is expected to range from 65.0695 million yuan to 105.0695 million yuan, representing an increase of 335.82% to 603.72% compared with the first quarter. Among them, the production of lithium salt products increased by 11% compared with the previous quarter.

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