Liuzhou Chemical Industry (600423.SH) announced a decrease in profit forecast. It is expected that the net profit for the year 2024 will be 28.44 million yuan, a decrease of 61% compared to the previous year.

Liuzhou Chemical Industry (600423.SH) announced that it expects to achieve a net profit attributable to shareholders of the listed company of 28.44 million yuan in 2024, which is a decrease of 44.81 million yuan compared to the same period last year (according to statutory disclosure data), a year-on-year decrease of around 61%. The main reason for the company's performance decline this time is the non-recurring gains and losses. Firstly, in the same period of the previous year, the company did not declare the debt for judicial restructuring and obtained a debt restructuring income of 45.07 million yuan; secondly, this period, the company reached a settlement in the bankruptcy debt dispute with Fujian Saneng Energy Saving Technology Co., Ltd., which is expected to reduce this period's profit by 4.8 million yuan. In terms of the main business, the company's production facilities have achieved safe, stable, and efficient operation. The completion of the 60,000-ton/year expansion and 20,000-ton/year concentrated hydrogen peroxide projects have played a good role in this period, resulting in a significant increase in sales volume of hydrogen peroxide, a decrease in unit production cost, and a slight increase in net profit after deducting non-recurring gains and losses from the previous period.