Loncin Motor (603766.SH) has issued a forecast increase, expecting a net profit of 10.5 billion to 13 billion yuan in 2024, a year-on-year increase of 79.97% to 122.82%.

Loncin Motor (603766.SH) announced that the company is expected to achieve a net profit attributable to the owners of the parent company of 1.05 to 1.3 billion yuan in 2024, an increase of 466.57 million to 716.57 million yuan compared to the same period last year, a year-on-year increase of 79.97% to 122.82%.