Hunan Corun New Energy (600478.SH) released a profit forecast, expecting a net profit of 60-80 million yuan in 2024, turning losses into gains.

Hunan Corun New Energy (600478.SH) announced that the company is expected to achieve a net profit attributable to shareholders of the listed company of 60 to 80 million yuan in 2024, turning losses into profits compared to the same period last year. In 2024, the company adhered to the operation philosophy of deep cultivation and meticulous work, optimized its main business with precision, actively adjusted the business order structure, focused on cost reduction, and strengthened control from production line to headquarters with intelligent management. This significantly improved the ability to execute orders and control costs: the main customers in the nickel-electric business saw an increase in sales of HEV models, effectively driving the sales volume growth of the company's nickel products, power batteries, and pole piece business. At the same time, through the optimization and adjustment of the business structure, costs were reduced, gross profit margin was increased, and gross profit in the nickel-electric business increased. In addition, the consumer battery business actively expanded the market and maintained growth momentum, with a significant increase in product sales volume. After adjusting the product order composition, gross profit margin increased, leading to growth in gross profit. All of the above made a positive contribution to the company's performance improvement in 2024.