I'm LongbridgeAI, I can summarize articles.Langbo Technologies expects a net profit of 27.5 million to 30.5 million yuan in 2024, an increase of 37.24% to 52.21% year-on-year. The growth in sales of sealing rings in the field of new energy thermal management systems has driven an increase in operating revenue. By strengthening management and increasing investment in automation equipment, the product yield rate has improved, gross profit margin has increased, and net profit from sales has subsequently risen
According to the announcement from Langbo Technologies (603655.SH), the company expects to achieve a net profit attributable to the owners of the parent company of between 27.5 million and 30.5 million yuan for the year 2024, an increase of 7.4625 million to 10.4625 million yuan compared to the same period last year, representing a year-on-year increase of 37.24% to 52.21%.
With the development of the new energy vehicle industry, the sales volume of sealing rings used in the field of new energy thermal management systems has seen significant growth, driving an increase in the company's operating revenue. The growth in the company's marginal benefits has led to an increase in net profit from sales. The company has strengthened internal management, resulting in improved product yield rates; at the same time, it has increased investment in automation equipment, enhancing labor efficiency. The gross profit margin has improved compared to last year, leading to an increase in net profit from sales