Linzhou Heavy Machinery (002535.SZ) has increased ahead of schedule. Net profit is expected to increase 655%-974% year-on-year from 130 million yuan to 185 million yuan in 2023

According to the Zhitong Finance App, Linzhou Heavy Machinery (002535.SZ) released its 2023 annual performance forecast. Net profit attributable to shareholders of listed companies is expected to be 130 million yuan to 185 million yuan for the whole year, an increase of 654.82%-974.17% over the previous year.

The main reason for the change in performance is that during the reporting period, in the context of the industry basically maintaining a high level of prosperity, the company's output increased. At the same time, the share of orders for high-end products increased markedly, and gross margin remained at a high level and increased steadily.