Guoxuan Hi-Tech (002074.SZ) is forecasting a year-on-year increase of 157%-253% of net profit of 800 million yuan to 1.1 billion yuan in 2023

According to the Zhitong Finance App, Guoxuan Hi-Tech (002074.SZ) released the 2023 annual results forecast. Net profit attributable to shareholders of listed companies is expected to be 800 million yuan to 1.1 billion yuan for the whole year, an increase of 157%-253% over the previous year.

During the reporting period, benefiting from the rapid development of the new energy industry, strong demand in the power and energy storage lithium battery market, the company's lithium battery business developed rapidly. In 2023, the company's overseas business began to show results, market development capabilities were further improved, energy storage business delivery capacity was further improved, and good profits were achieved; the company's supply chain layout was beginning to emerge, and raw material costs and prices were further reduced. In particular, the company fully introduced the Volkswagen Group management system to improve management capabilities, improve product quality, and achieve internal cost reduction and efficiency.

During the reporting period, the company's net profit attributable to shareholders of listed companies increased dramatically, and net profit after deducting non-recurring profit and loss turned a loss into a profit.