Grace Fabric Technology (603256.SH) announced on July 10 that the company is expected to achieve net income attributable to the owner of the parent company of 0.74 million yuan to 0.9 million yuan in the first half of 2024, and will turn losses into gains compared with the same period last year. The company expects to achieve net income attributable to the owner of the parent company after deducting non-recurring gains and losses of -4.59 million yuan to -5.61 million yuan in the first half of 2024.
The increase in terminal market demand and the demand for electronic-grade fiberglass cloth in the first half of 2024, combined with the market demand-driven increase in the company's product prices, will lead to net income profitability.
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