Summary by Moomoo AI
JIULONG PAPER (ND PAPER) ISSUED A PROFIT FORECAST ON JANUARY 29, 2024, WITH A FORECAST OF BETWEEN RMB200 MILLION AND RMB 400 MILLION FOR THE SIX MONTHS ENDED DECEMBER 31, 2023. This forecast contrasts sharply with a loss of RMB1,388.8 million in the same period last year. The company noted that the profit growth was mainly driven by an increase in product sales and a decrease in raw material costs that exceeded a decrease in product sales prices, driving the increase in gross margin. However, the data in this announcement has not yet undergone an audit or review by the Auditor or the Board's Audit Committee and may be adjusted. The Company will announce unaudited interim results for the period before the end of February 2024. Shareholders and potential investors should act with caution.