Xi'an Sinofuse Electric (301031.SZ) expects a net profit of 176 million to 199 million yuan in 2024, an increase of 50.45% to 69.86% year-on-year.

Xi'an Sinofuse Electric (301031.SZ) announced that the company expects the net profit attributable to shareholders of the listed company in 2024 to be between 176 million yuan to 199 million yuan, a year-on-year increase of 50.45% to 69.86%. During the reporting period, the main reasons for the company's performance changes were: the company continued to strengthen enterprise management and research and development investment, and through adjusting product structure, technological breakthroughs, process optimization, cost reduction and efficiency enhancement measures, the benefits were fully realized in the supply, production, and sales processes. The company actively carried out sales activities, formulated differentiated marketing strategies, effectively enhanced product competitiveness, and achieved continuous growth in sales revenue and profit.