Jiangsu Azure Corporation (002245.SZ) expects to increase its net profit for the year 2024 to be between 4.2 billion and 5 billion, an increase of 198.26% to 255.07%.

Jiangsu Azure Corporation (002245.SZ) released its performance forecast for the year 2024, expecting a net profit attributable to shareholders of the listed company of 420 million to 500 million yuan, a year-on-year increase of 198.26% to 255.07%. In 2024, as overseas customers in the electric tool industry finish destocking and resume purchases, and with the company expanding into areas such as smart transportation, the lithium battery business is showing a continuous year-on-year growth trend, with lithium battery sales reaching their highest level in history. Meanwhile, with the LED chip industry market continuing to recover, and benefiting from the company's sustained layout in areas such as MiniLED displays, the company's LED business is performing well, with a significant year-on-year increase in profit contribution.