ZHEJIANG YONGTAI TECHNOLOGY
CO., LTD.
(GDR under the symbol:
"YTT")
(a joint stock company
established under the laws of the People's Republic of China with
limited liability)
Preliminary Estimation for
the Interim Results of 2024
The Company and all members of the
Board of Directors confirm that all the information contained in
this information disclosure is true, accurate and complete and that
there is no false and misleading statement or material omission in
this information disclosure.
I.
Preliminary Results for the Current Period
1. Period for the estimated results:
1 January 2024 to 30 June 2024;
2. Estimated results:
Profit
|
Item
|
Current reporting
period
|
Corresponding period last
year
|
|
Net profit attributable
to
the shareholders of
the
listed
company
|
Profit:
RMB35 million -RMB45 million
|
Profit:
RMB38.6515 million
|
|
Year-over-year growth: -9.45% to
16.42%.
|
|
Net profit after deducting
non-recurring gains and losses
|
Profit:
RMB31 million-RMB41 million
|
Loss: RMB42.0643 million
|
|
Year-over-year growth: 173.70% to
197.47%.
|
|
Basic earnings per
share
|
Profit:
RMB0.038/share - RMB0.049/share
|
Profit:
RMB0.04/share
|
II.
Communication with Accounting Firm
The financial data related to this
preliminary results has not been audited by the accounting
firm.
III. Explanation for the Changes in Results
During this reporting period, the
market prices for lithium hexafluorophosphate and lithium
carbonate, which are part of the company's lithium battery
materials sector, exhibited relatively minor fluctuations. In
contrast, during the same period of the previous year, there was a
significant decrease in the market prices for these products and
raw materials. This shift has resulted in the company's net profit,
after the deduction of non-recurring gains and losses, reversing
from a loss to a profit.
IV.
Other Relevant Explanation
This preliminary result is based on
the estimation of the Finance Department of the Company, and the
specific financial data is subject to the 2024 interim report to be
disclosed by the Company. Investors are kindly advised to make
cautious decisions and pay attention to investment
risks.
The Board
of Directors
Zhejiang
Yongtai Technology Co., Ltd.
10 July
2024