Air China Cargo expects a net profit of 1.8 billion to 1.99 billion yuan for the fiscal year 2024, representing a year-on-year growth of 56% to 73%
I'm LongbridgeAI, I can summarize articles.Air China Cargo expects a net profit of RMB 1.8 billion to RMB 1.99 billion for the fiscal year 2024, representing a year-on-year growth of 56%-73%. The net profit after deducting non-recurring gains and losses is expected to be RMB 1.776 billion to RMB 1.976 billion, with a year-on-year growth of 64%-83%. The performance growth is mainly attributed to the normalization of the air freight industry and the stabilization of the global supply chain, along with strong demand for cross-border e-commerce, which has driven the recovery of freight rates and cargo turnover
According to the Zhitong Finance APP, Air China Cargo (001391.SZ) disclosed its performance forecast for the year 2024. The company expects a net profit attributable to shareholders of the listed company to be between 1.8 billion and 1.99 billion yuan, a year-on-year increase of 56%-73%. The net profit after deducting non-recurring gains and losses is expected to be between 1.776 billion and 1.976 billion yuan, a year-on-year increase of 64%-83%.
It is reported that the main reason for the performance growth is the gradual normalization of the air cargo industry and the stabilization of the global supply chain system, coupled with the strong demand for air cargo from cross-border e-commerce. The air cargo freight rates and cargo mail turnover have also begun to gradually recover from the industry low point at the beginning of 2023, resulting in a significant year-on-year increase in performance for 2024