On January 30, Gelonghui | Taihua New Materials (603055.SH) announced that according to preliminary estimates by the finance department, net profit attributable to the owners of the parent company is expected to be around 445 million yuan in 2023. Compared with the same period last year, it will increase by 176.311 million yuan, an increase of about 65.63% over the previous year. It is estimated that in 2023, net profit attributable to the owners of the parent company after deducting non-recurring profit and loss will be around 360 million yuan. Compared with the same period last year, it will increase by 167.4754 million yuan, an increase of about 86.99% over the previous year.
During the reporting period, the company used “innovative products to increase profits” and “conventional products to reduce costs” as two-wheel drive measures to give full play to the advantages of the entire industry chain, actively promote green, functional, differentiated and personalized product research and development, continuously optimize the product structure, strengthen market development, and strengthen cost control. The company's scale and brand effects continued to show a steady increase in the company's main business revenue, resulting in a significant increase in the company's net profit compared to the same period last year.