Genesis (300083.SZ) posted an advance increase. Net profit for the first quarter is expected to be 885.15 million yuan to 112 million yuan, an increase of 50% to 90% over the previous year

According to Zhitong Finance App News, Genesis (300083.SZ) disclosed the 2024 annual results report and the first quarter results forecast for 2025. In 2024, the company achieved total operating revenue of 4.605 billion yuan, an increase of 30.49% over the previous year; achieved net profit attributable to shareholders of listed companies of 237 million yuan, an increase of 22.00% over the previous year.

In the first quarter of 2025, the company expects net profit attributable to shareholders of listed companies to be 885.15 million yuan to 112 million yuan, an increase of 50% to 90% year on year; net profit after deducting non-recurring profit and loss of 84.3511 million yuan to 107 million yuan, an increase of 120% to 180% year on year.

In the first quarter of 2025, the downstream 3C industry continued to recover, and customer demand continued to grow. The company's dominant product, the 3C drilling and milling processing center, had quarterly sales revenue of 412 million yuan, up 27.1% year on year; in the first quarter of 2025, sales of high-end products such as five-axis CNC machine tools and large horizontal machining centers continued to grow, with sales revenue of 45 million yuan in the first quarter, up 21.62% year on year.