Gelonghui, January 19 | Oriental Materials (603110.SH) announced that according to preliminary estimates by the financial department, net profit attributable to shareholders of listed companies is expected to be 49.8 million yuan to 59.8 million yuan in 2023. Compared with the same period last year, it will increase 30.08 million yuan to 40.08 million yuan, an increase of 152.60% to 203.32% over the previous year. It is expected to achieve net profit of 4.5 million yuan to 6.5 million yuan after deducting non-recurring profit and loss attributable to shareholders of listed companies in 2023. Compared with the same period last year, it will decrease 2.42 million yuan to 420,000 yuan, a year-on-year decrease of 34.97% to 6.07%.
The main reason for the advance increase in performance for the current period was due to non-operating profit and loss. Since the company's real estate located at No. 101 Huangjiao Road, Huangyan District, Taizhou, was expropriated by the government, the asset disposal proceeds from this expropriation involving compensation matters had a positive impact on the company's 2023 results.