Shengtak issued a profit forecast, with a net profit of 225 million to 235 million yuan for the year 2024, an increase of 86.72%-95.01%
I'm LongbridgeAI, I can summarize articles.Shengtak expects a net profit of 225 million to 235 million yuan for the year 2024, a year-on-year increase of 86.72%-95.01%. The company's main business focuses on the manufacturing of ultra-supercritical boilers for thermal power, benefiting from a surge in orders and an increase in orders on hand. The output of stainless steel pipes and alloy steel pipes increased by approximately 30.72% and 8.56%, respectively. The improvement in gross profit margin has driven profit growth
According to the Zhitong Finance APP, Shengtak (300881.SZ) released its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company to be between 225 million yuan and 235 million yuan, a year-on-year increase of 86.72%-95.01%.
During the reporting period, the company focused on the manufacturing industry of ultra-supercritical coal-fired boilers. Benefiting from a surge in downstream orders, the company's orders on hand also increased correspondingly. The output of stainless steel pipes increased by approximately 30.72% compared to the same period last year. The output of alloy steel pipes increased by 8.56% compared to the same period last year. The increase in the gross profit margin of the company's products drove the growth of the company's profits