Lily Group announced a preliminary increase, expecting a net profit of 172 million to 178 million yuan for the fiscal year 2024, an increase of 43.08% to 48.07% year-on-year
I'm LongbridgeAI, I can summarize articles.Lily Group expects a net profit of RMB 172 million to RMB 178 million for the fiscal year 2024, an increase of 43.08% to 48.07% year-on-year. The net profit after deducting non-recurring gains and losses is expected to be RMB 155 million to RMB 161 million, an increase of 55.44% to 61.46% year-on-year. The performance increase is mainly due to the recovery of downstream market demand, an increase in sales of major products, and an improvement in the gross profit margin of certain products, while the production of the holding subsidiary has returned to normal, reducing losses
According to the Zhitong Finance APP, Lily Group (603823.SH) released its annual performance forecast for 2024. The company expects to achieve a net profit attributable to the owners of the parent company of between 172 million yuan and 178 million yuan in 2024, an increase of 43.08% to 48.07% year-on-year; it is also expected that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be between 155 million yuan and 161 million yuan, an increase of 55.44% to 61.46% year-on-year.
The main reason for the performance increase compared to the same period last year is the overall recovery of downstream market demand, leading to an increase in sales of the company's main products and a year-on-year increase in the gross profit margin of some products; additionally, the production of the company's holding subsidiaries has returned to normal, resulting in reduced losses