Linzhou Heavy Machinery (002535.SZ) has increased ahead of schedule. Net profit for the first half of the year is expected to increase by 51.68%-83.62% to 95 million yuan to 115 million yuan

Zhitongcaijing · 07/01 10:25

According to Zhitong Finance App, Linzhou Heavy Machinery (002535.SZ) released its 2024 semi-annual performance forecast. Net profit attributable to shareholders of listed companies is expected to be 95 million yuan to 115 million yuan in the first half of the year, an increase of 51.68%-83.62% over the previous year. Net profit after deducting non-recurring profit and loss is expected to be 90 million yuan to 110 million yuan, an increase of 49.30%-82.48% over the previous year.

The main reason for the change in performance is that during the reporting period, the company's abundant order volume, reduced working capital, and increased production capacity, which led to an increase in output and an increase in the company's operating income.