On January 18, GLONGHUI (603956.SH) announced that according to preliminary estimates by the finance department, the company is expected to achieve net profit attributable to the owner of the parent company in 2023 of about RMB 22 million. Compared with the same period last year, it will turn a loss into a profit. Net profit attributable to the owner of the parent company after deducting non-recurring profit and loss is expected to be around -23 million yuan in 2023.
During the reporting period, the company gave full play to its advantages in production technology, lean management, capacity layout and supply chain management, and stabilized the supply chain through rapid response mechanisms to ensure normal production. Compared with the same period last year, the company's orders were sufficient and grew steadily, and project delivery increased significantly over the previous year. According to preliminary estimates by the finance department, the company achieved annual revenue of 1.45 billion yuan, an increase of 38.00% over the previous year.