On January 9, Gelonghui Commodity City (600415.SH) announced a pre-increase in 2023 results. It is expected to achieve net profit attributable to shareholders of listed companies of 2.65 billion yuan to 2.75 billion yuan in 2023, an increase of 140% to 149% compared with the same period last year. Net profit attributable to shareholders of listed companies in 2023 after deducting non-recurring profit and loss is estimated at 2.4 billion yuan to 2.5 billion yuan, an increase of 36% to 42% compared with the same period last year.
The main reason for the advance increase in performance in the current period: (1) The company's main business revenue in the market continued to grow significantly. (2) Increased return on the company's investment in joint ventures.