I'm LongbridgeAI, I can summarize articles.SPRINGSNOW FOOD expects a net profit of 6.7 million to 8 million yuan in 2024, achieving a turnaround from losses to profits. The reasons for the expected profit include strengthening internal management, actively expanding the market, and an increase in foreign exchange gains
According to the Zhitong Finance APP, SPRINGSNOW FOOD (605567.SH) announced that the company expects to achieve a net profit attributable to the owners of the parent company of 6.7 million to 8 million yuan for the year 2024, which will turn a profit compared to the same period last year (statutory disclosure data).
The main reasons for the expected profit are: (1) Strengthening internal management has achieved significant results in cost reduction and efficiency improvement; (2) Actively expanding domestic and international markets, with a significant year-on-year increase in export business; (3) The exchange rate of the US dollar against the Chinese yuan is expected to rise year-on-year in 2024, leading to increased exchange gains