Hunan Zhongke Electric (300035.SZ) releases a profit forecast, expecting a net profit of 56.21 million to 74.95 million in the first half of the year, turning a loss into a profit year-on-year.

date
17/07/2024
avatar
GMT Eight
Zhongke Electric (300035.SZ) released the 2024 interim performance forecast, expecting to belong to the company's shareholders...
Hunan Zhongke Electric (300035.SZ) announced its performance forecast for the first half of 2024, expecting a net profit attributable to shareholders of the listed company of 56.21 million to 74.95 million yuan, turning losses into profits year-on-year; and a net profit of 76.58 million to 93.23 million yuan after deducting non-recurring gains and losses, also turning losses into profits year-on-year. It is reported that in the first half of 2023, the company incurred a loss in net profit due to a significant provision for inventory price decline in the first quarter, the decrease in selling prices in the market for negative electrode materials, and cost pressures from consuming high-cost inventory. In the first half of 2024, downstream customer demand increased, leading to a significant increase in production and sales of negative electrode materials year-on-year. Additionally, the continued release of cost reduction and efficiency improvement measures has significantly improved the company's operational performance compared to the same period last year.