Ningbo Tuopu Group (601689.SH) announced a forecasted net profit for the year 2024 of 28.55 billion yuan to 31.55 billion yuan, representing a year-on-year increase of 32.73% to 46.68%.

Ningbo Tuopu Group (601689.SH) announced that the company is expected to achieve a net profit attributable to shareholders of the listed company of 28.55-31.55 billion yuan in 2024, an increase of 7.04-10.04 billion yuan compared to the same period last year, a year-on-year increase of 32.73%-46.68%. The company's Tier 0.5 level innovative business model is being accepted and recognized by more customers, with continuous increase in the amount of bike matching, expansion of customer base, and optimization of customer structure. The product platform strategy is continuously being promoted. With the support of research and development innovation and intelligent manufacturing capabilities, the company's leading advantage in interior functional parts and lightweight chassis is continuously improving, and sales revenue is steadily increasing. The automotive electronics business has achieved rapid growth, with a significant increase of 906%. The company's closed air suspension system is rapidly increasing, with over 240,000 sets delivered during the reporting period, and the market share continues to increase rapidly; the addition of other electronic products for vehicle models is continuously increasing, with simultaneous increase in orders. The company's competitive advantage in the chassis domain continues to be optimized.