Shentong Technology (605228.SH) announced on July 3 that according to preliminary calculations by the finance department, it is expected to achieve a net income attributable to the owners of the parent company of 290-320 million yuan in the first half of 2024, an increase of 182.91% to 212.18% year-on-year, an increase of 18.7495 million yuan to 21.7495 million yuan compared with the same period last year. It is expected to achieve a net profit after deducting non-recurring gains and losses attributable to the owners of the parent company of 270-300 million yuan in the first half of 2024, an increase of 267.11% to 307.90% year-on-year, an increase of 19.6453 million yuan to 22.6453 million yuan compared with the same period last year.
Since 2024, the passenger vehicle market has remained stable, and the company's customer orders continue to increase. At the same time, the company strengthens internal management, improves product quality, continuously promotes product structure and market structure adjustments, and the comprehensive gross profit margin of products has been improved.