Yibin Tianyuan Group (002386.SZ) issued a profit warning, with an estimated net loss of 420 million to 460 million yuan in 2024, turning from a profit to a loss year-on-year.

Yibin Tianyuan Group (002386.SZ) has announced its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of 420 million to 460 million Yuan for the whole year, turning from profit to loss compared to the previous year. Reasons for the performance change: First, the impact of the policy-induced suspension of production and reconstruction of the phosphorus mine project by a subsidiary has temporarily significantly reduced the contribution of related product benefits; second, due to the impact of the policy-induced suspension of production at the phosphorus plant and other factors, the company's impairment of assets has increased compared to the same period last year, mainly due to the corresponding impairment losses generated by impairment provisions for fixed assets and inventory; third, the new energy battery materials industry remains weak, and the company is in the initial stage of product production and capacity climbing, thus not yet forming economies of scale, which has a significant impact on the company's profit; fourth, the chlor-alkali industry is still in a relatively low period, with product prices remaining low, which has a certain impact on the company's profit.