Shenzhen Hello Tech Energy (301327.SZ) releases preliminary earnings forecast, expecting a net profit of 200 million to 250 million yuan for the fiscal year 2024.

Shenzhen Hello Tech Energy (301327.SZ) released its performance forecast for 2024, with the company expecting a net profit attributable to shareholders of the listed company of 2 to 2.5 billion yuan for the year 2024; after deducting non-recurring gains and losses, the net profit is expected to be 1.3 to 1.7 billion yuan. The company achieved rapid growth in revenue and net profit by continuously improving brand strength and product competitiveness, as well as efficiency gains from cost reduction measures. With optimization of inventory costs, a fall in raw material procurement prices, and ongoing cost reduction initiatives for products, the company's gross profit margin has increased year-on-year. By accurately targeting advertising and efficiently reusing marketing materials, the company has reduced the sales expense ratio; while actively adjusting its organizational structure and optimizing its cost structure, it has effectively reduced management expenses.