On July 14th, Gelonhui announced the performance forecast for the first half of 2024 of pan asian microvent tech (688386.SH), predicting a net income of 40.1 million yuan to 45 million yuan attributable to the owners of the parent company, a year-on-year increase of 0.19% to 12.43%. The net income attributable to the owners of the parent company after deducting non-recurring gains and losses is 38.9 million yuan to 43.8 million yuan, a year-on-year increase of 42.35% to 60.28%.
According to data released by the China Association of Automobile Manufacturers, in the first half of 2024, China's auto production and sales reached 13.891 million and 140.47 million respectively, a year-on-year increase of 4.9% and 6.1%. As a participant in the automotive industry chain, the company's core technical products, such as ePTFE microvent products, CMD and gas management products, have maintained a good development trend, achieving significant growth in sales.
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