Tongling Electric issued a profit warning, with a net profit for the year 2024 expected to be between 66 million and 90 million yuan, a year-on-year decrease of 45.45%-59.99%
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Tongling Electric released its 2024 performance forecast, expecting a net profit of 66 million to 90 million yuan, a year-on-year decrease of 45.45%-59.99%. The main reasons are the decline in photovoltaic module prices and the high volatility of copper prices, leading to a decrease in profitability. The company will enhance production efficiency, control costs, and increase investment in new product research and development, while also entering the automotive parts market to strengthen profitability and risk resistance
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