ZHENGDANCHEM issued a profit forecast, expecting a net profit of 1.1 billion to 1.3 billion yuan for the year 2024
I'm LongbridgeAI, I can summarize articles.ZHENGDANCHEM released its performance forecast for 2024, expecting a net profit of 1.1 billion to 1.3 billion yuan, a year-on-year increase of over 11,000%. The net profit after deducting non-recurring gains and losses is expected to be 1.095 billion to 1.295 billion yuan, a year-on-year increase of over 23,000%. The significant growth in the production and sales volume of main products TMA and TOTM, along with rising sales prices and stable unit costs, has driven the substantial increase in net profit
According to the Zhitong Finance APP, ZHENGDANCHEM (300641.SZ) released its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company to be between 1.1 billion and 1.3 billion yuan, representing a year-on-year increase of 11,039.13% to 13,064.42%; the net profit after deducting non-recurring gains and losses is expected to be between 1.095 billion and 1.295 billion yuan, a year-on-year increase of 23,412.87% to 27,706.28%.
During the reporting period, the production and sales volume of the company's main products TMA and TOTM significantly increased compared to the previous year, with a substantial rise in sales prices, while unit costs remained basically stable. The revenue and profit from anhydride and ester businesses also saw significant year-on-year growth, leading to a substantial increase in net profit attributable to shareholders of the listed company
