Wolong Electric Group (600580.SH) issued a profit forecast, with an estimated net profit of around 800 million yuan for the year 2024, representing a year-on-year increase of around 51%.

Wolong Electric Group (600580.SH) released its annual performance forecast for 2024, with the company expecting a net profit of around 800 million yuan attributable to owners of the parent company, a year-on-year increase of approximately 51%. The company also forecasts a net profit of around 690 million yuan attributable to owners of the parent company after deducting non-recurring gains and losses, a year-on-year increase of about 45%.