Changqing Machinery (603768.SH) announced that according to the preliminary calculation of the financial department, it is expected to achieve a net income of 36-44 million yuan attributable to shareholders of the listed company in the first half of 2024, a decrease of 54.2832-46.2832 million yuan compared with the same period last year, a year-on-year decrease of 60.13% to 51.26%. It is expected that the net profit after deducting non-recurring gains and losses attributable to shareholders of the listed company in the first half of 2024 will be 28.5-36.5 million yuan, a decrease of 36.5921-28.5921 million yuan compared with the same period last year, a year-on-year decrease of 56.22% to 43.93%.

(1) In order to continuously strengthen business cooperation with new energy automobile customers and improve market competitiveness, the company increased its research and development expenses in this period. (2) The prices of the company's main raw materials have increased compared with the same period last year, which has a certain impact on the company's product gross profit margin level.