On July 12th, Gelunhui reported that Jilin Development (002316.SZ) announced its business performance forecast for the first half of 2024, with a net profit attributable to shareholders of the listed company of 4 million yuan to 5.2 million yuan, compared to a loss of 10.3609 million yuan in the same period last year; the net profit after deducting non-recurring gains and losses was 1.3 million yuan to 1.9 million yuan, compared to a loss of 10.2543 million yuan in the same period last year; and the basic earnings per share were 0.0102 yuan/share to 0.0132 yuan/share.

The company achieved a turnaround in business performance in the first half of 2024, mainly due to the company's increased business in the field of biocellulose-based materials compared to the same period last year, and the profitability of its main business has improved. At the same time, the company continues to strengthen lean management, implement cost reduction and efficiency improvement measures, strengthen accounts receivable management, and reduce expenses and impairment losses compared to the same period last year.