WWGX: The net profit for the third quarter was 124 million yuan, a year-on-year increase of 75.64%

WWGX announced that the revenue for the third quarter was 1.897 billion yuan, a year-on-year decrease of 8.64%; the net profit was 124 million yuan, a year-on-year increase of 75.64%. The revenue for the first three quarters was 5.958 billion yuan, a year-on-year increase of 0.18%; the net profit was 380 million yuan, a year-on-year increase of 89.77%

This week, WWGX, JIHONG CO, and CCTech released performance forecasts, among which three companies expect significant profit increases, with CCTech's net profit forecast to grow by 215.75% year-on-year

More than 30 companies have released their performance forecasts for the first three quarters, with positive performance boosting stock prices

More than 30 companies have disclosed their performance forecasts for the first three quarters of 2023, with over 50% of them expecting positive results. Some companies, such as BROTHER, CCTech, and WWGX, have seen increases exceeding 100%. The positive performance has significantly driven up stock prices, with 8 companies expecting good results seeing their stock prices rise since the announcement. Hongyu Packaging's stock price has increased by over 93%, while Luxshare Precision and CCTech have both seen increases of over 40%

WWGX expects a profit increase, estimating the net profit attributable to shareholders for the first three quarters to be between 340 million yuan and 420 million yuan, an increase of 69.81% to 109.77%

WWGX expects the net profit attributable to shareholders for the first three quarters of 2025 to be between 340 million yuan and 420 million yuan, a year-on-year increase of 69.81% to 109.77%. The net profit excluding non-recurring gains and losses is expected to be between 324 million yuan and 404 million yuan, a year-on-year increase of 79.88% to 124.29%. The company has adjusted its sales strategy, steadily increasing its market share in foreign trade, with significant growth in the export volume of PVA, methyl acetate, and VAE emulsion

WWGX and others establish a new materials company with a registered capital of 1 billion yuan

According to the Qichacha APP, recently, Jiangsu WWGX New Materials Co., Ltd. was established with a registered capital of 1 billion yuan. The business scope includes: research and development of new material technology; promotion services for new material technology, etc. Qichacha's equity penetration shows that the company is jointly held by WWGX and others