CONFIDENCE IN (01967) expects to achieve a net profit of approximately 6 million yuan for the year, turning a loss into a profit compared to the previous year.

CONFIDENCE IN (01967) has announced that compared to a net loss of RMB 31.5 million for the fiscal year ending December 31, 2023, the Group expects to achieve a net profit of approximately RMB 6 million for the fiscal year ending December 31, 2024. The announcement stated that the turnaround from loss to profit for the year was mainly due to an increase in sales and an improvement in the Group's gross profit margin, which was mainly attributed to the addition of new orders from major customers and an increase in production capacity utilization, thereby absorbing more fixed costs.