Shenzhou Cell (688520.SH) announces that it is expected to achieve a net profit of 90 million to 130 million yuan in 2024, turning losses into profits.

Shenzhou Cell (688520.SH) announced that the company is expected to achieve a net profit attributable to the owner of the parent company of 90 million to 130 million yuan in 2024, compared to a loss of 396.0183 million yuan in the same period last year, turning the loss into a profit. During the reporting period, the company's core product, Anjia Yin, maintained stable sales, while the sales revenue of other listed products increased, leading to a rise in the company's overall operating income compared to the same period last year. The company's research and development expenditure remained at a relatively high level, but decreased compared to the same period last year. At the same time, the company actively reduced costs and improved research and development efficiency to achieve cost reduction and efficiency enhancement, all of which had a positive impact on the company's operations and are expected to lead to a turnaround in profit for the company in 2024.