LONKING (03339) announces profit growth, with expected net profit of 1 billion to 1.07 billion in 2024, an increase of 55% to 66% year-on-year.

LONKING (03339) announced that the board of directors expects the net profit for 2024 to be around RMB 1 billion to 1.07 billion, an increase of 55% to 66% compared to the same period last year. The increase in net profit during this reporting period is mainly due to the group's efforts in improving quality and reducing costs, as well as maintaining growth in export income. The overall gross profit margin of the products has increased compared to the same period last year, and the net income generated from financial assets has also increased compared to the same period last year.