Sinomach Automobile (600335.SH) announced a forecasted increase, with an estimated net profit of approximately 370 million to 440 million yuan for the year 2024.

Sinomach Automobile (600335.SH) released its performance forecast for 2024, expecting a net profit attributable to the owners of the parent company of approximately 370 million to 440 million yuan, a year-on-year increase of about 1,680% to 2,016%. It is expected to achieve a net profit attributable to the owners of the parent company excluding non-recurring gains and losses of approximately 256 million to 305 million yuan in 2024, turning losses into profits.