On April 15, Ge Longhui Electric Power (000767.SZ) announced its results forecast for the first quarter of 2024. The net profit loss attributable to shareholders of listed companies during the reporting period was 450 million yuan to 550 million yuan, a decrease of 218.86% to 289.72% over the same period of the previous year; basic earnings loss per share was 0.1988 yuan to 0.2313 yuan; net profit loss after deducting non-recurring profit and loss of 460 million yuan to 56 million yuan, a decrease of 206.75% to 273.43% over the same period last year.

The main reason for the decline in performance estimates for the reporting period compared to the number of announcements in the same period of the previous year: In the first quarter of 2024, the company actively carried out various tasks in electricity marketing. Although the company's overall electricity sales price was higher than the regional level, due to intense competition in the electricity trading market in Shanxi Province, the company's electricity sales price dropped sharply year on year in the first quarter of 2024, which led to a year-on-year decline in the company's operating income and net profit from the same period last year.