Junhe Pumps Holding (603617.SH) announced a pre-increase, expected 2024 annual net profit of 76 to 82 million yuan, an increase of 107.54% to 123.93% year-on-year.

Junhe Pumps Holding (603617.SH) has released its annual performance forecast for 2024. The company expects to achieve a net profit attributable to shareholders of the parent company of 76 million to 82 million yuan in 2024, an increase of 107.54% to 123.93% year-on-year. The company also expects to achieve a net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, of 68 million to 72 million yuan in 2024, an increase of 665.47% to 710.50% year-on-year. The increase in performance is mainly attributed to the positive trends in overseas markets. The company has continuously launched new products and improved existing products to meet the increasingly diverse needs of consumers, leading to a growing customer base. At the same time, the company has significantly increased its order backlog compared to the previous year, resulting in a significant increase in the production and sales volume and gross profit margin. The company has also strengthened internal management, enhanced overall operational capabilities, actively promoted brand building, and effectively supported the current performance.