SMS issued a profit forecast, expecting a year-on-year net profit growth of 111.46%—217.19% for the fiscal year 2024
I'm LongbridgeAI, I can summarize articles.SMS expects its net profit for the year 2024 to increase by 111.46% to 217.19% year-on-year, with an estimated net profit of 12.5 million to 18.75 million yuan. The growth is mainly attributed to the significant improvement in the company's energy storage business, while maintaining stability in the instrument manufacturing business, continuously innovating technology and upgrading products, enhancing product quality, and improving project delivery capabilities to achieve double growth in revenue and profit
According to the Zhitong Finance APP, SMS (002857.SZ) released its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company to be between 12.5 million and 18.75 million yuan, a year-on-year increase of 111.46% to 217.19%.
The main reason for the year-on-year increase in net profit during the reporting period is that the company's energy storage business has significantly improved. While maintaining stability in its instrument manufacturing business, the company continues to focus on the energy storage business, constantly carrying out technological innovation and product upgrades, improving product variety to meet multi-scenario applications. At the same time, it strengthens quality process control, continuously enhancing product quality, and achieving double growth in revenue and profit with the improvement of project delivery capabilities