On July 14, Gelonghui, Yongguan New Materials (603681.SH) announced its performance pre-loss announcement for the first half of 2023. According to the preliminary calculation of the financial department, it is expected that the net profit attributed to the owner of the parent company in the first half of 2023 is-26.14 million yuan to-17.44 million yuan, compared with the same period last year, there will be a loss; the net profit of deducting non-recurring profit and loss attributed to the owner of the parent company in 2023 is expected to be 33.88 million yuan to 50.81 million yuan.
In the first half of 2023, the industry has continued the macroeconomic impact since the fourth quarter of 2022. The industry is facing the pressure of weaker demand, supply shock and weaker expectations, which leads to intensified competition, price reduction and profit compression. During the reporting period, affected by the above factors, the profitability of the company's main business products dropped significantly compared with the same period last year; at the same time, the company is also actively incubating new business departments and opening up new areas, as it is still in the incubation, R & D, and pioneering period. the need for continuous investment is also one of the factors leading to the decline in the performance of the company's main business.