Tiancheng Technology (688603.SH) issued an advance increase. The net profit for the first three quarters is expected to be 56 million yuan to 58 million yuan, an increase of 34.45% to 39.26% over the previous year

According to Zhitong Finance App News, Tiancheng Technology (688603.SH) issued an announcement. According to preliminary estimates by the finance department, it is expected to achieve operating income of 272 million yuan to 274 million yuan in the first three quarters of 2024. Compared with the same period last year, it is expected to increase 248.97 million yuan to 26.897 million yuan, an increase of about 10.08% to 10.88% over the previous year.

It is estimated that in the first three quarters of 2024, net profit attributable to owners of the parent company will be 56 million yuan to 58 million yuan. Compared with the same period last year, it will increase 14.353 million yuan to 16.353 million yuan, an increase of 34.45% to 39.26% over the previous year.

Net profit attributable to owners of the parent company is expected to be 48 million yuan to 52 million yuan in the first three quarters of 2024. Compared with the same period last year, it will increase 7.885 million yuan to 11.885 million yuan, an increase of 19.66% to 29.63% over the previous year.

During the reporting period, the company used domestic substitution advantages to actively develop new customers. At the same time, the company's main product structure was further optimized and adjusted, and the sales share of high-margin products increased steadily; during the reporting period, the increase in the company's idle fund-raising income and interest income from bank deposits also had a positive impact on the current profit.