Shanghai New World (600628.SH) forecasts a net profit of 67.5-82.5 million yuan in 2024, a year-on-year increase of 113% to 161%.

Shanghai New World (600628.SH) announced that the company is expected to achieve a net profit attributable to shareholders of the listed company of 67.5 million to 82.5 million yuan in 2024, an increase of 35.84 million to 50.84 million yuan compared to the same period last year, a year-on-year increase of 113% to 161%. In 2024, influenced by multiple policies to stimulate consumption, the company's diversified businesses such as department store retail, pharmaceutical sales, and hotel services have achieved positive development. Among them, the company's hotel services have seen significant improvement in operations, while pharmaceutical sales have remained stable and even increased, leading to growth in revenue and profits compared to the same period last year.