Gelonghui, April 17 | Baoguang Co., Ltd. (600379.SH) announced that according to preliminary estimates by the finance department, it is expected to achieve net profit of 16.14 million yuan in the first quarter of 2024, which is an increase of 6.82 million yuan compared with the same period last year (statutory disclosure data), an increase of 73.18% over the previous year. It is estimated that in the first quarter of 2024, net profit attributable to the owners of the parent company will be 16.05 million yuan, an increase of 7.54 million yuan compared with the same period last year (statutory disclosure data), an increase of 88.60% over the previous year.
During this reporting period, the company strengthened cost control throughout the process, adapted to market trends, and gave full play to its advantages. On the one hand, market development efforts were stepped up to increase the scale of domestic and international sales in the first quarter; on the other hand, the sales structure of main products was optimized to achieve a significant increase in profits over the same period.