Yotrio Group (002489.SZ) announced that its net profit for the year 2024 is expected to increase between 400 million and 600 million yuan, an increase of 686.31% to 1079.46% compared to the previous year.

Yotrio Group (002489.SZ) has released its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company of 400 million to 600 million yuan for the full year, a year-on-year increase of 686.31% -1,079.46%. During the reporting period, the land and factory buildings owned by the company in Shuiyuntang, Linhai City were requisitioned by the relevant departments of the Linhai City government according to the needs of urban construction and development planning, and a total of 177 million yuan in requisition compensation was obtained. The disposal of the above-mentioned assets affected the net profit of this reporting period by approximately 145 million yuan. Moreover, the net profit for the reporting period was increased by approximately 168 million yuan due to the impact of stock investment income and fair value changes influenced by fluctuations in the securities market. The gains and losses formed by the above requisition compensation and stock investment business are non-recurring gains and losses.