JiuRi New Materials Earnings Forecast

On January 17, JiuRi New Materials (688199) disclosed its 2024 earnings forecast, projecting a net loss attributable to shareholders of 46 million to 55 million CNY, compared to a loss of 96.14 million CNY in the previous year. The non-recurring net loss is expected to be between 56 million and 65 million CNY, compared to a loss of 113 million CNY last year. JiuRi specializes in the research, production, and sales of photoinitiators, holding about 30% of the market share.

The performance fluctuation is attributed to the company’s diverse marketing strategies aimed at stabilizing market share and actively attracting potential customers. Despite an increase in sales volume and gross profit, the net profit remains in loss due to lower prices, although the loss has significantly decreased compared to last year. The goodwill of its subsidiary, Hunan Hongrun Chemical, is expected to show signs of impairment, with an estimated amount of 8.737 million CNY.

Yida Co. Earnings Forecast

On the same day, Yida Co. (300721) disclosed its earnings forecast, estimating a net profit of 9 million to 13 million CNY for 2024, a recovery from a loss of 35.29 million CNY in the previous year. The non-recurring net profit is expected to be 9.2706 million to 13.2706 million CNY, compared to a loss of 34.71 million CNY last year. Yida focuses on the production of alcohol ethers and alcohol ether esters, becoming a supplier for major companies like AkzoNobel and PPG.

The growth in earnings is mainly driven by the ongoing expansion in the alcohol ether business and proactive adjustments in production plans. The epoxy propylene unit of its subsidiary, Taixing Yida, has entered trial production, significantly improving product quality and energy efficiency.

Vanadium Titanium Co. Earnings Forecast

Vanadium Titanium Co. (000629) announced on January 17 that its net profit attributable to shareholders is expected to be between 260 million and 300 million CNY, a decline of 71.64%-75.42% year-on-year. The non-recurring net profit is projected to be between 230 million and 270 million CNY, reflecting a decrease of 74.22%-78.04%. The primary reason for this decline is the drop in vanadium product prices, though the company is actively adjusting its production and sales strategies to mitigate the impact.

Baichuan Co. Earnings Forecast

On January 16, Baichuan Co. (002455) released its 2024 earnings forecast, predicting a net profit of 100 million to 150 million CNY, a growth of 121.45%-132.18% year-on-year. The non-recurring net profit is expected to range from 70 million to 120 million CNY, marking an increase of 114.36%-124.62%. The recovery in chemical demand and stable pricing contributed to this positive outlook.

Kuncai Technology Earnings Forecast

Finally, Kuncai Technology (603826) disclosed its 2024 earnings forecast on January 17, estimating a net profit of 30 million to 45 million CNY, down 46.39%-64.26% from the previous year. The non-recurring net profit is projected to be between 15 million and 30 million CNY, reflecting a decline of 58.92%-79.46%. Despite being a leading producer of pearlescent pigments, the company faces challenges due to increased fixed costs and capital requirements, impacting overall profitability.