Focus Lightings Tech (300708.SZ) forecasts a net profit of 195 million to 215 million in 2024, a year-on-year increase of 60.95% to 77.46%.

Focus Lightings Tech (300708.SZ) has released its performance forecast for 2024, with the company expecting a net profit attributable to shareholders of the listed company of 195 million to 215 million yuan, an increase of 60.95% to 77.46% year-on-year; net profit after deducting non-recurring gains and losses is expected to be 185 million to 205 million yuan, an increase of 52.18% to 68.63% year-on-year. The announcement shows that benefiting from the recovery of demand for business activities, cultural tourism, large-scale commercial performances, and sporting events, the market terminal demand continues to improve. The company's production capacity is releasing, combined with precise product positioning and market demand grasp. High-end products represented by high-efficiency lighting, automotive lighting, and backlighting have strong production and sales, with the company's capacity utilization and sales rate maintaining high levels. The company adheres to a refined management model covering the entire business process, with economies of scale becoming apparent. Production efficiency continues to improve, and expenditure control is effective, leading to cost reduction and efficiency improvement. Net profit and net profit after deducting non-recurring gains and losses have seen a significant year-on-year increase.