DAYE announced a profit forecast, expecting a net profit of 13.5 million to 20 million yuan for the year 2024, turning a profit compared to the previous year
I'm LongbridgeAI, I can summarize articles.DAYE expects a net profit of 13.5 million to 20 million yuan for the year 2024, turning a profit compared to a loss in the previous year. The reasons for the turnaround include increased operating revenue, improved gross margin, and a decrease in the expense ratio. The growth in operating revenue is mainly attributed to the smooth destocking by major clients, the popularity of new products among consumers, and the enhanced competitiveness of the company's products in the market
According to the Zhitong Finance APP, DAYE (300879.SZ) released its performance forecast for 2024, expecting a net profit attributable to shareholders of 13.5 million to 20 million yuan, turning a profit compared to the previous year.
The main reasons for the turnaround during the reporting period are: 1. Increase in operating revenue: mainly due to the smooth destocking of major customers in 2024, the high cost-performance ratio and strong competitiveness of the company's products in sales channels, and the popularity of new products among end consumers, which led to a significant increase in customer demand and operating revenue; 2. Improvement in gross profit margin: mainly due to the increase in operating revenue and sales volume of new products; 3. Decrease in expense ratio: mainly due to the increase in operating revenue and effective control of period expenses