ST Xuefa (002485.SZ) announced its performance forecast for the first half of 2024, with a net loss attributable to shareholders of the listed company of RMB 12-23 million yuan, compared with a profit of RMB 49.8259 million in the same period last year; after deducting non-recurring gains and losses, the net loss was RMB10-20 million yuan, compared with a profit of RMB 45.6205 million in the same period last year; and the basic EPS was a loss of RMB 0.0221-0.0423 yuan per share.

During the reporting period, the company continuously optimized its supply chain business model, improved its operating performance, and overall maintained a stable and upward trend. However, the cultural and tourism business was affected by the operation mode, leading to a slower recovery than expected. The main reason for the profit in the same period last year was the reversal of credit impairment losses for accounts receivable. The company's existing business overall remains stable.