Jinneng Holding Shanxi Electric Power (000767.SZ) announced the performance forecast for the first half of 2024. The net income attributable to shareholders of the listed company for the reporting period will be a loss of 370 million to 400 million yuan, compared to a profit of 24.9144 million yuan in the same period last year after adjustment. The net income after deducting non-recurring gains and losses will be a loss of 373.9 million to 404.9 million yuan, compared to a profit of 12.6318 million yuan in the same period last year after adjustment. The basic earnings per share will be a loss of 0.1801 yuan/share to 0.1899 yuan/share.

The main reason for the expected decline in performance compared to the announced figures in the same period last year is the loose supply and demand situation of electricity, full competition in the spot market, and the overall decline in electricity market prices in Shanxi province, resulting in a year-on-year decrease in the company's operating income and a reduction in net income attributable to the parent company compared to the same period last year.