On January 23, Ge Longhui | Changsheng Bearing (300718.SZ) announced its 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 220 million yuan to 270 million yuan, an increase of 115.56%-164.56% over the same period of the previous year; net profit profit after deducting non-recurring profit and loss was 195 million yuan to 245 million yuan, an increase of 22.66%-54.11% over the same period last year.
The company's net profit attributable to shareholders of listed companies and net profit after deducting non-recurring profit and loss increased year-on-year. The main reasons include: 1. Based on the principle of prudence, the company accrued impairment preparations for assets that may be impaired in 2022, leading to a low net profit attributable to shareholders of listed companies in the year; 2. The company's product structure continued to be optimized in 2023, and the revenue share of high-margin products further increased; 3. The price of the main raw materials for the product fell and remained stable; 4. Exchange rate changes formed a certain amount of revenue; 5. The lean production management promoted by the company decreased Production costs.