Shanghai Hugong Electric Group (603131.SH) Announces Expected Profit, with an estimated annual net profit of 11.5 to 13.5 million yuan, reversing its loss to a profit.

Shanghai Hugong Electric Group (603131.SH) disclosed its annual performance forecast for 2024, with the company expecting a net profit attributable to shareholders of the listed company of 11.5 million to 13.5 million RMB, compared to a loss in the same period last year. It is expected that the company will have a net loss of 2.5 million to 4.5 million RMB attributable to shareholders of the listed company in 2024, after deducting non-recurring gains and losses.