Luoyang Xinqianglian Slewing Bearing (300850.SZ) announced a pre-reduction, with an estimated annual net profit of 55 million to 80 million yuan, a year-on-year decrease of 78.66% to 85.33%.

Luoyang Xinqianglian Slewing Bearing (300850.SZ) disclosed the performance forecast for the year 2024, with the company expecting a net profit attributable to shareholders of the listed company of 55-80 million yuan, a year-on-year decrease of 78.66%-85.33%; the net profit after deducting non-recurring gains and losses is expected to be 135-170 million yuan, a year-on-year decrease of 43.24%-54.93%.