Guangdong Orient Zirconic Ind Sci & Tech (002167.SZ) announced its 2024 interim performance forecast, with a net loss attributable to shareholders of the listed company of RMB 58 million to 85 million during the reporting period, compared to a profit of RMB 26.5871 million in the same period last year; after deducting non-recurring gains and losses, the net loss attributable to shareholders of the listed company was RMB 62 million to 89 million, compared to a profit of RMB 24.2046 million in the same period last year; basic loss per share was RMB 0.07/share to RMB 0.11/share.
The company's production and operation situation was stable and normal in the first half of 2024. Compared with the same period last year, the company's operating performance showed a loss during the reporting period, mainly due to: firstly, the subsidiary Murray Zircon Pty Ltd controlled by the company has not yet started production in the Mindarie Mine, and the high unit cost of the small amount of heavy minerals inventory produced during the equipment commissioning period resulted in a large amount of inventory impairment provision, leading to the company's main business negative gross profit and loss; secondly, fluctuations in exchange rates resulted in significant foreign exchange losses.