---
title: "Nanjing Public Utilities Development expects a significant increase in net profit in 2024, achieving a turnaround from loss to profit"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225651016.md"
description: "Nanjing Public Utilities Development expects a net profit of 39 million to 56 million yuan in 2024, a year-on-year increase of 143.20% to 162.03%. This growth is attributed to the optimization of real estate project deliveries and the positive impact of project locations. The third quarter report for 2024 shows an operating income of 3.638 billion yuan, a year-on-year increase of 9.13%, but a net profit of -14.4158 million yuan, a year-on-year decrease of 163.40%"
datetime: "2025-01-21T08:34:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225651016.md)
  - [en](https://longbridge.com/en/news/225651016.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225651016.md)
generator: "portal-rs"
---

# Nanjing Public Utilities Development expects a significant increase in net profit in 2024, achieving a turnaround from loss to profit

NANJING PUBLIC UTILITIES DEVELOPMENT (000421.SZ) recently released a performance forecast, expecting the net profit attributable to shareholders of the listed company for the year 2024 to reach between 39 million yuan and 56 million yuan, a year-on-year increase of 143.20% to 162.03%. This significant growth is mainly attributed to the optimization of the delivery schedule of real estate projects and the positive impact of project locations, resulting in an increase in both the number of projects delivered and gross profit for this period.

The third quarterly report for 2024 shows that NANJING PUBLIC UTILITIES DEVELOPMENT achieved operating revenue of 3.638 billion yuan, a year-on-year increase of 9.13%, but the net profit was -14.4158 million yuan, a year-on-year decrease of 163.40%. The company's main businesses include gas sales, real estate development, and passenger transportation, and it holds the qualifications of a national secondary road passenger transport enterprise and a five-star travel agency in Jiangsu Province

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