Zhengfan Technology (688596.SH) issued an advance increase. The net profit for the first three quarters is expected to be 325 million yuan to 339 million yuan, an increase of 20% to 25% over the previous year

Zhitong Finance App News, Zhengfan Technology (688596.SH) announced that the company expects to achieve net profit attributable to parent company owners of 325 million yuan to 339 million yuan in the first three quarters of 2024, an increase of 20% to 25% over the previous year.

Sales revenue and profit increased significantly during the reporting period due to factors such as increased market demand in the company's downstream industry, the company's market competitiveness, and continuous improvement in operating efficiency; as of the end of the reporting period, the company's net operating cash flow improved significantly compared to the first half of 2024, mainly due to a sharp increase in the company's sales revenue, which led to increased repayments and effective control of raw material inventories.