On July 9th, Gelonhui announced that according to the preliminary accounting of the company's finance department, the net income attributable to shareholders of the listed company is expected to be -8.2 million yuan to -12.3 million yuan from January to June 2024, a decrease compared to the same period of last year which was 2.9316 million yuan. The Company expects the net income attributable to shareholders of the listed company after deducting non-recurring gains and losses from January to June 2024 to be -13.4 million yuan to -17.8 million yuan.

During this reporting period, affected by the market situation and intensified competition in the engineered board industry in the Hebei region where Tangxian Huiyin Wood Co., Ltd., a subsidiary of the Company, is located, the sales price of products fell due to increased market competition, resulting in a decline in gross margin and a reduction in the corresponding tariff refund, which in turn led to a decline in the Company's performance compared to the same period last year.