On July 3rd, Gelonhui reported that Zhejiang Dibay Electric (603320.SH) estimated a net income attributable to the parent company owner of 36.7048-40.4888 million yuan in the first half of 2024, a year-on-year increase of 2,209.56-2,587.96 million yuan, a year-on-year increase of 151.24% to 177.15%, as calculated by the finance department. The expected net income after deducting non-recurring gains and losses attributable to the parent company owner for the first half of 2024 is 35.5973-39.3813 million yuan, an increase of 2.18527-2.56367 million yuan over the same period last year, a year-on-year increase of 158.99% to 186.52%.
Benefiting from the policy of local governments' subsidies for "old-for-new" household appliances and the development of new customers, the sales volume of the company's compressor and electric motor products increased during the reporting period, with significant scale effects and significant profit growth; the adjustment of the company's product structure helped to improve the overall gross margin level.