Qingdao Kingking Applied Chemistry (002094.SZ) announced 2024 half-year performance forecast. The company expects net income attributable to shareholders of the listed company to be between 40.5106 million yuan and 46.743 million yuan, a year-on-year increase of 30%-50%. Net income after deducting non-recurring gains and losses is expected to be between 36.8111 million yuan and 44.1733 million yuan, an increase of 50%-80% YoY. Basic earnings per share are expected to be between 0.0586 yuan/share and 0.0677 yuan/share.
The company expects that net income attributable to shareholders of the listed company in the first half of 2024 will be between 40.5106 million yuan and 46.743 million yuan. The main reason for this is the significant growth of new materials, candles, aromatherapy and handicrafts business in the first half of 2024.