On January 22, Ge Longhui Co., Ltd. (003002.SZ) announced its 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 170 million yuan to 21 million yuan, an increase of 40.1% to 73.07% over the same period of the previous year; net profit after deducting non-recurring profit and loss was 155 million yuan - 195 million yuan, an increase of 57.03%-97.56% over the same period last year; basic earnings per share were 0.85 yuan/share - 1.05 yuan/share.
During the reporting period, the company continued to strengthen its market expansion. Sales revenue for explosive devices, especially electronic detonators and detonators, increased dramatically. At the same time, the company strengthened cost control, optimized procurement costs, and effectively raised the company's profit level.