Lotus Holdings (600186.SH) posted an advance increase. Net profit for the first three quarters is expected to be 160 million yuan to 170 million yuan, an increase of 69.15% to 79.72% over the previous year

According to Zhitong Finance App News, Lotus Holdings (600186.SH) issued an announcement. According to preliminary estimates by the finance department, it is expected to achieve net profit attributable to shareholders of listed companies of 160 million yuan to 170 million yuan in the first three quarters of 2024. Compared with the same period last year (statutory disclosure data), it will increase 65.4072 million yuan to 754.072 million yuan, an increase of 69.15% to 79.72% over the previous year. Achieving net profit of 161 million yuan to 171 million yuan after deducting non-recurring profit and loss attributable to shareholders of listed companies. Compared with the same period last year (statutory disclosure data), it will increase by 67.527,900 yuan to 775.279 million yuan, an increase of 72.24% to 82.94% over the previous year.

The company adheres to the “brand revival strategy”, continuously optimizes the marketing network layout, and consolidates and expands the competitive advantage of the condiment business. In the first three quarters of 2024, the company achieved breakthroughs in the expansion of chain channels such as supermarkets. The new retail business grew rapidly, and condiment sales volume and sales revenue increased significantly.