Guangdong Guanhao High-tech (600433.SH) expects to achieve a net profit of 177 million yuan in 2024, turning losses into gains.

Guangdong Guanhao High-tech (600433.SH) has announced that it expects to achieve a net profit attributable to the owners of the parent company of approximately 177 million yuan in 2024, compared to a loss in the same period last year (based on statutory disclosure data), thus turning around from losses to profits. The significant improvement in the company's performance this period is mainly due to the following reasons: first, the continuous optimization of marketing strategies and product structure, leading to an increase in product sales volume and selling prices compared to the same period last year; second, a decrease in the price of raw material pulpboard and production costs, leading to an increase in product gross margin compared to the same period last year; third, the company has been recognized as an advanced manufacturing enterprise, and according to the Announcement No. 43 of the Ministry of Finance and the State Administration of Taxation in 2023, an additional 5% deduction will be made from the deductible input tax amount to reduce the payable value-added tax amount, which has resulted in an increase in operating profit; fourth, the completion of the disposal of equity in subsidiary companies has significantly increased investment income.