CALB(03931) announced a profitable year ahead with an expected net profit of approximately 786 million to 874 million yuan in 2024, representing a year-on-year increase of approximately 80% to 100%.

CALB (03931) announced that the group is expecting a net profit of approximately RMB 786 million to 874 million in 2024, representing a year-on-year increase of about 80% to 100%. The board of directors believes that the expected growth is mainly due to the following factors: on one hand, as the group expands its business and continues to grow, economies of scale are continuously realized; on the other hand, benefiting from the group's leading technology and product capabilities, the group continues to reduce costs while improving product performance, resulting in a year-on-year increase in profits during the reporting period.