Gelonghui, January 23 | Changbao Co., Ltd. (002478.SZ) announced the 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 740 million yuan to 830 million yuan, up 57.10% to 76.21% year on year; net profit after deducting non-recurring profit and loss from 670 million yuan to 750 million yuan, up 49.15% to 66.96% year on year; basic earnings per share were 0.83 yuan/share — 0.93 yuan/share.
During the reporting period, the company's business performance achieved a significant increase compared to the same period last year. The main reason was that the company adhered to the “specialized, superior and strong” development strategy, adhered to brand management and value management, promoted internal exploration and lean production according to market changes, promoted product structure and market restructuring, continued to promote the development and certification of domestic and foreign brand customers, increased high-end transformation and high-end product market expansion. Production and sales maintained year-on-year growth and reached record highs, product profitability improved, and manufacturing costs declined. At the same time, the company has increased measures in technological innovation, lean improvement, intelligent manufacturing, energy saving and carbon reduction, etc., and the overall business quality and brand competitiveness have improved markedly, thus achieving a significant increase in business performance.