Jiangsu Baichuan High-Tech New Materials (002455.SZ) issued a profit warning, expecting a net profit of 100 million to 150 million yuan in 2024, turning losses into gains compared to the previous year.

Jiangsu Baichuan High-Tech New Materials (002455.SZ) has released its performance forecast for the year 2024, expecting a net profit attributable to shareholders of the listed company of 1 billion to 1.5 billion yuan for the full year, turning losses into profits year-on-year. In 2024, the demand in the chemical industry sector is expected to improve, with prices of major chemical products stabilizing and increasing. The prices of some chemical products have increased significantly, coupled with the continuous release of production capacity at the Ningxia base project, resulting in a noticeable increase in the company's gross profit in the chemical sector compared to the same period last year. In the future, the company will further expand its market and stabilize its normal operating profit.