ST Rendong: Expected net profit of 300 million to 400 million yuan in the first half of the year, turning losses into profits year-on-year

*ST Rendong announced its performance forecast on the evening of July 14, expecting a net profit of 300 million to 400 million yuan in the first half of this year, with a non-recurring net profit of 17.5 million to 26 million yuan, both turning losses into profits year-on-year. The main reason for the turnaround is that the restructuring plan was completed during the reporting period, and historical overdue debts were fully resolved. The company recognized debt restructuring gains during the reporting period, while financial expenses significantly decreased during the reporting period