Guangzhou Tinci Materials Technology (002709.SZ) announced the 2024 interim performance forecast, with net income attributable to shareholders of the listed company of 0.21 billion yuan to 0.26 billion yuan, a year-on-year decrease of 83.70% to 79.82%; after deducting non-recurring gains and losses, the net income is 0.17 billion yuan to 0.21 billion yuan, a year-on-year decrease of 86.62% to 83.48%; the basic earning per share is 0.11 yuan/share to 0.14 yuan/share.

As competition intensifies in the new energy fund industry and demand growth is lower than expected, although the company's lithium-ion electrolyte products sales continue to grow, the sustained decrease in prices has led to a decrease in gross profit, resulting in lower profits in the first half of the year compared to the same period last year.