Kunming Chuan Jin Nuo Chemical (300505.SZ) has released a profit forecast, expecting a net profit of 150 million to 185 million yuan in 2024, turning from a loss to a profit year-on-year.

Kunming Chuan Jin Nuo Chemical (300505.SZ) released its performance forecast for the year 2024, expecting a net profit attributable to shareholders of the listed company of 150 million to 185 million yuan, turning losses into profits compared to the previous year. In 2023, due to market conditions, the company faced losses as it cleared its inventory. In 2024, with the recovery of the phosphate chemical market and the company's flexible advantage in adjusting its product structure according to market conditions, combined with careful production organization, the company's comprehensive gross profit margin increased, significantly improving its profitability.