Xinlai Yingcai (300260.SZ) has increased ahead of schedule. Net profit for the first three quarters is expected to be 180 million yuan to 210 million yuan, an increase of 6.92% to 24.74% over the previous year

According to the Zhitong Finance App, Xinlai Yingcai (300260.SZ) released a performance forecast for the first three quarters of 2024. Net profit attributable to shareholders of listed companies is expected to be 180 million yuan to 210 million yuan, up 6.92% to 24.74% year on year; net profit after deducting non-recurring profit and loss is estimated to be 166 million yuan to 196 million yuan, up 1.74% to 20.12% year on year.

During the reporting period, the company's net profit attributable to shareholders of listed companies increased compared to the same period last year. The main reasons were: benefiting from the recovery in market demand in the domestic semiconductor industry and improving orders; at the same time, in the food industry, although demand from downstream customers declined, the market share of the company's products in domestic customers continued to increase, which remained basically the same as the same period last year; the company's overall performance was stable, moderate and positive.

During the reporting period, the scale of business in the semiconductor industry grew significantly, but the company continued to increase its investment in the semiconductor industry, depreciation of fixed assets continued to increase, and gross margin declined compared to the same period last year. During the reporting period, the company continued to increase investment in R&D, especially the in-depth layout of the semiconductor industry. R&D expenses increased significantly compared to the same period last year.