---
title: "YOTRIO announced a profit increase, with a net profit of 400 million to 600 million yuan for the year 2024, an increase of 686.31%-1079.46%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225830573.md"
description: "YOTRIO released its 2024 annual performance forecast, expecting a net profit of 400 million to 600 million yuan, a year-on-year increase of 686.31%-1,079.46%. During the reporting period, the company received compensation of 177 million yuan due to the expropriation of land and factories, which increased net profit by approximately 145 million yuan. In addition, stock investment income and fair value change income resulting from fluctuations in the securities market also contributed to an increase in net profit of approximately 168 million yuan"
datetime: "2025-01-22T11:31:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225830573.md)
  - [en](https://longbridge.com/en/news/225830573.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225830573.md)
generator: "portal-rs"
---

# YOTRIO announced a profit increase, with a net profit of 400 million to 600 million yuan for the year 2024, an increase of 686.31%-1079.46%

According to the Zhitong Finance APP, Zhejiang Yongqiang (002489.SZ) released its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company to be between 400 million and 600 million yuan, a year-on-year increase of 686.31%-1,079.46%.

During the reporting period, the land and factory owned by the company located in Shuiyuntang, Linhai City, were requisitioned by relevant departments of the Linhai City government according to urban construction development and planning needs, resulting in a total compensation of 177 million yuan. The disposal of the above assets is expected to increase the net profit for this reporting period by approximately 145 million yuan. Additionally, due to fluctuations in the securities market, the realized stock investment income and fair value change income are expected to increase the net profit for this reporting period by approximately 168 million yuan. The aforementioned compensation and the gains and losses from stock investment activities are classified as non-recurring gains and losses

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**