Baoding Tianwei Baobian Electric (600550.SH) released a profit forecast, expecting a net profit of around 95 million yuan in 2024, reversing from a loss to a profit.

Baoding Tianwei Baobian Electric (600550.SH) has released its performance forecast for the year 2024. The company expects to achieve a net profit of approximately 95 million yuan attributable to the owners of the parent company, turning losses into profits compared to the same period last year. It is estimated that the net profit attributable to the owners of the parent company, after deducting non-recurring gains and losses, will be around 89.5 million yuan in the year 2024.