On January 30, Ge Longhui Co., Ltd. (301056.SZ) announced its 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 85,000,000 yuan to 10,500,000 yuan, an increase of 69.09%-108.88% over the same period of the previous year; net profit profit after deducting non-recurring profit and loss was 8400,000 yuan to 10.0000 million yuan, an increase of 82.62%-117.41% over the same period last year.
The company's performance in 2023 increased year-on-year compared to the same period last year. The main reasons are: 1. During the reporting period, the company adopted information-based control measures and collaborated investment in intelligent equipment to improve quality, reduce costs and increase efficiency in product design and manufacturing, and achieved an increase in operating profit. 2. During the reporting period, prices of major raw materials fell year on year. At the same time, the company strengthened raw material cost control, and gross margin increased, achieving an increase in operating profit.