Shengda Resources (000603.SZ) has released a pre-increase announcement, with a projected net profit for the year 2024 expected to be between 350 million to 400 million yuan, an increase of 136.51% to 170.29%.

Shengda Resources (000603.SZ) has released its performance forecast for the year 2024, expecting a net profit attributable to shareholders of 350 million to 400 million yuan, an increase of 136.51% to 170.29% year-on-year. During the reporting period, due to the rise in the prices of base metals, the average selling prices of the company's main products from mines increased compared to the same period last year, coupled with funds tied up in related litigation fees and penalties, which has led to a significant year-on-year growth in the company's operating performance.