Changzhou Langbo Sealing Technologies (603655.SH) is expected to see a net profit of 27.5 million to 30.5 million yuan in 2024, representing a year-on-year increase of 37.24% to 52.21%.

Changzhou Langbo Sealing Technologies (603655.SH) announced that the company is expected to achieve a net profit attributable to the owners of the parent company of 27.5 million to 30.5 million yuan in the year 2024. Compared with the same period last year, it will increase by 7.4625 million to 10.4625 million yuan, with a year-on-year increase of 37.24% to 52.21%. With the development of the new energy vehicle industry, the sales volume of sealing rings in the field of new energy thermal management systems has increased significantly, driving an increase in the company's operating income. The company's profit margins have increased, leading to an increase in net profit from sales. The company has strengthened internal management, resulting in an improvement in product quality rate. At the same time, increased investment in automation equipment has improved labor efficiency. The gross profit margin is higher than last year, leading to an increase in net profit from sales.