NBTM New Materials Group (600114.SH) has issued a profit forecast, expecting a net profit of 3.8 billion to 4.1 billion yuan for the fiscal year 2024, an increase of 92% to 107% year-on-year.

NBTM New Materials Group (600114.SH) announced that they expect the net profit attributable to the parent company's owner to be between 3.8 billion yuan and 4.1 billion yuan in 2024, a year-on-year increase of 92% to 107%. During the reporting period, the company focused on the development strategy of "Powder pressing shaping (P&S), Soft magnetic composite materials (SMC) and Metal injection molding (MIM) as the three major new material technology platforms, dedicated to providing the best new material solutions and value-added services for new energy and high-end manufacturing." By focusing on new quality productivity, actively implementing the concept of high-quality development, continuously expanding the market externally, the company's main business income increased, resulting in a continuous improvement in production capacity utilization rate and significant marginal improvement effects. Internally, the company continued to promote technological innovation and management reform, striving for excellence, continuously surpassing themselves, exploring internal potential, and achieving the expected annual operating goals. During the reporting period, it is expected that the company's main business income will exceed 5 billion yuan, with main business income of the three major new material technology platforms reaching historic highs, and it is expected that the main business income of the MIM new material technology platform will increase by more than 85% year-on-year.