Telling Telecommunication Holding (000829.SZ) announced its 2024 half-year performance forecast. According to preliminary calculations by the financial department, it is expected to achieve a net income of 11.5-9 million yuan attributable to shareholders of the listed company in the first half of 2024, a decrease of 89.28%-91.61% compared to the same period last year. After deducting non-recurring gains and losses, the net income is expected to be 2.6-2 million yuan, a decrease of 94.80%-96.00% compared to the same period last year. Operating income is expected to be 51.5-50 billion yuan, an increase of 4.54%-1.49% compared to the same period last year, with a basic earnings per share of 0.0112 yuan/share to 0.0088 yuan/share.
The main reason for the decrease in net income attributable to shareholders of the listed company compared to the same period last year during this reporting period are: 1. The mobile phone distribution business in January-June 2024 was affected by the market sales environment, and the sales price of mobile phones showed a downward trend, resulting in a decrease in gross profit margin compared to the same period last year. 2. The new business and market expansion in January-June 2024 led to an increase in market expenses, sales staff salaries, and financial expenses compared to the same period last year. 3. Part of the net income attributable to shareholders of the listed company in the same period last year came from Shanghai Guijiu Enterprise Development Co., Ltd. according to the arbitral awards issued by the Shanghai International Economic and Trade Arbitration Commission [2023] Huma Zhongcaizi No. 0193 and [2023] Huma Zhongcaizi No. 0210, which paid the company for breach of contract, overdue interest, etc., resulting in an increase in profit of 48.6504 million yuan (non-recurring gains and losses of 48.6504 million yuan) in 2023.