When facing thousands of listed company announcements every day, which ones should you read? What are the key points to take away from the dozens or hundreds of pages of material announcements? Are the many professional terms in the announcements bullish or bearish? Check out Caixin's "Quick Read Announcement" column, where our reporters across the country will provide you with accurate, fast and professional interpretations on the night of the announcement.

According to the background of the better economic situation, many listed companies have achieved a performance rebound, but some companies still face considerable operating pressure.

Tonight, among more than 160 A-share listed companies that announced their half-yearly performance forecasts for 2024, 10 companies are expected to lose more than 100 million yuan. These companies include Xinjiang Tianshan Cement (000877.SZ), China Rareearth (000831.SZ), Konka Group Co.,LTD (000016.SZ), Guizhou Bc&Tv Information Network (600996.SH), etc. Among them, Tianshan Cement is expected to have losses of up to 3.5 billion yuan. Financial news service providers note that the building materials and broadcasting sectors are relatively concentrated in the heavily loss-making companies.

It is worth noting that the building materials and broadband network sectors are relatively concentrated in the heavily loss-making companies.

Among them, as one of the largest global cement listed companies, Tianshan Cement's gross profit of cement and mixed concrete decreased year on year due to weak market demand and significant price reductions in cement and mixed concrete, leading to a net income loss of 2.9 billion yuan to 3.5 billion yuan in the first half of the year. However, compared to the net loss of 1.923 billion yuan in the first quarter, the net loss in the second quarter narrowed to 977 million yuan to 1.577 billion yuan.

Similar to the situation in the cement industry, there are also heavily loss-making companies in the steel plate sector. For example, ST Steel is expected to make a net loss of 294 million yuan in the first half of the year, with a net loss of about 103 million yuan in the second quarter and a reduction in loss compared to the first quarter. Based on the significant restoration of its continuous operating capacity, the company has applied to the Shanghai Stock Exchange for the cancellation of other risk warnings on its stock.

Affected by factors such as the market environment and industry supply and demand cycles, the prices of rare earth products significantly decreased compared to the same period last year, and China Rareearth is expected to lose 231 million yuan to 251 million yuan in the first half of the year. However, the company has returned to profitability in the second quarter. Based on a net loss of 289 million yuan in the first quarter, the company's estimated net profit in the second quarter is about 38 million yuan to 58 million yuan.

Looking at the broadcasting sector again, Guizhou Bc&Tv Information Network and ST Bc&Tv Network both announced huge losses today. Among them, Guizhou Bc&Tv Information Network is expected to have a net loss of 380 million yuan to 490 million yuan in the first half of the year, and ST Bc&Tv Network is expected to have a net loss of 310 million yuan to 370 million yuan in the first half of the year. Both companies stated that the traditional cable TV business of broadcast networks continued to decline as a whole due to the impact of Internet video business and IPTV interactive TV business, and the user and market were continuously shrinking.

Except for Tianshan Cement, Konka Group Co.,LTD has the second-highest losses announced today, with expected net losses of 900 million yuan to 1.18 billion yuan in the first half of the year. The company stated that its color TV business is still in a loss-making state due to limited space for reducing fixed costs and continuous intensification of industry competition; at the same time, based on the principle of prudence, the company provided for impairment of assets based on accounting policies and estimates, resulting in a decrease in profit.

It is worth noting that the volatility of securities markets in the first half of the year has also caused significant losses to Konka Group Co.,LTD. According to the company, changes in the prices of trading financial assets held by the company in the first half of 2024 caused a loss of fair value changes of about -0.171 billion yuan for the company, which in turn affected net income.

Danhua Chemical Technology (600844.SH) mainly produces and sells chemical products such as ethylene glycol and oxalic acid. Although the company's production and sales situation in the first half of the year was basically normal, product prices remained low, causing the company to expect a net loss of about 112 million yuan in the first half of the year, and the company's operations continued to face difficulties.

Due to the fact that related projects entered the final stage, the income and cost recognized based on completion progress decreased year on year, and due to the provision for impairment of assets, China National Complete Plant Import and Export Corporation is expected to have a net loss of 100 million yuan to 150 million yuan in the first half of the year. Due to the strong seasonality of its management software business and the increase in labor costs caused by the expansion of local markets, Beijing Join-Cheer Software Co.,Ltd (002279.SZ) is expected to have a net loss of 135 million yuan to 165 million yuan in the first half of the year.

Furthermore, due to the continued decline of the interest rate market environment, Hubei Biocause Pharmaceutical (formerly known as Tianmao Group, stock code: 000627.SZ) increased its provision for life insurance reserves in its subsidiary, China Best Life Insurance, resulting in a predicted loss of RMB 0.33 billion to 0.42 billion in the first half of the year.