Gelonghui, January 25 | Jinghua New Materials (603683.SH) announced its 2023 annual results forecast. According to preliminary estimates by the finance department, it is expected to achieve net profit of 50 million yuan to 58 million yuan in 2023. Compared with the same period last year, it will increase 44.1847 million yuan to 52.1847 million yuan, an increase of 759.80% to 897.37% over the previous year. It is estimated that in 2023, net profit attributable to owners of the parent company will be 49.99 million yuan to 57.99 million yuan. Compared with the same period last year, it will increase 42.2358 million yuan to 52.2358 million yuan, an increase of 544.68% to 647.85% over the previous year.
During the reporting period, net profit attributable to owners of the parent company increased by 759.80%-897.37% over the same period last year. The main reasons are: in 2023, the company grasped market opportunities, the product structure was optimized, and the sales volume of the company's products increased; product applications in the power battery and 3C fields were greatly expanded to cooperate closely with end customers to enhance the company's competitiveness; the company continued to promote lean production and cost reduction and efficiency, and product gross margin increased by a certain margin and a significant increase in profitability.