Tongling Electric 2024 performance forecast: net profit is expected to decline significantly

Recently, Tongling Electric (SZ301168) released its performance forecast for 2024, expecting the net profit attributable to shareholders to decline to between 66 million yuan and 90 million yuan, a decrease of 45.45% to 59.99% compared to 165 million yuan in the same period last year. After deducting non-recurring gains and losses, the net profit is expected to be between 51 million yuan and 75 million yuan, a year-on-year decline of 50.24% to 66.16%.

The company's general manager, Li Qianjin, received a salary of 699,400 yuan in 2023, a year-on-year increase of 39.25%, which is higher than the chairman's salary. Li Qianjin has been with the company since 2005 and currently serves as a director and general manager. Tongling Electric was established in 1984, and its main business includes the manufacturing and sales of solar accessories, junction boxes, and other products. Major shareholders include Jiangsu Shangkun Biological Equipment Co., Ltd. and Li Qianjin, among others