Hangzhou GreatStar Industrial (002444.SZ) is forecasted to achieve a net profit of 2.284 billion to 2.537 billion yuan in 2024, a year-on-year increase of 35% to 50%.

Hangzhou GreatStar Industrial (002444.SZ) disclosed the performance forecast for 2024. The company expects a net profit attributable to shareholders of the listed company of 2.284 billion to 2.537 billion yuan, a year-on-year increase of 35% to 50%; after deducting non-recurring gains and losses, the net profit is expected to be 2.292 billion to 2.546 billion yuan, a year-on-year increase of 35% to 50%. Basic earnings per share are expected to be 1.92 yuan to 2.13 yuan per share. During the reporting period, the consumption of tools in North America rebounded and gradually returned to normal growth levels. The company's main customers completed destocking processes, and the company's orders gradually matched the end sales situation. At the same time, the company relied on its own competitiveness to develop a large number of new product categories and obtained new customer orders. With the continuous release of production capacity in Southeast Asia, production capacity bottlenecks were also overcome. It is expected that the year-on-year increase in operating income will exceed 35% for the full year, and the company's profit will also increase significantly year-on-year.