Camel Group issued a profit forecast, expecting a net profit attributable to the parent company of 502 million to 565 million yuan in the first half of the year, an increase of 60% to 80% year-on-year
I'm LongbridgeAI, I can summarize articles.Camel Group expects its net profit attributable to the parent company in the first half of 2025 to be between 502 million yuan and 565 million yuan, an increase of 60% to 80% year-on-year. This is mainly benefited from the growth in sales of low-voltage batteries for automobiles, particularly the significant increase in low-voltage lithium batteries. In addition, the optimization of management processes, improvement in operational efficiency, decrease in period expense ratio, and increase in foreign exchange gains have also positively impacted net profit growth
According to the announcement from Camel Group (601311.SH), the company expects to achieve a net profit attributable to shareholders of the listed company of between 502 million yuan and 565 million yuan in the first half of 2025, an increase of 60% to 80% year-on-year.
In the first half of this year, the company's main business products saw an increase in sales of automotive low-voltage batteries year-on-year, particularly a significant rise in sales of automotive low-voltage lithium batteries, which drove steady growth in operating performance; at the same time, the company optimized management processes, continuously improved operational efficiency, reduced the period expense ratio year-on-year, and increased foreign exchange gains, all of which had a positive impact on the increase in net profit