On July 8th, Gelunhui reported that Jiangsu General Science Technology (601500.SH) predicted a net income attributable to shareholders of the listed company of 0.27 billion yuan to 0.3 billion yuan in the first half of 2024, an increase of 364.86% to 416.51% year-on-year, according to preliminary calculations by the financial department. The net profit attributable to shareholders of the listed company for the first half of 2024, excluding non-recurring gains and losses, is expected to be 0.26 billion yuan to 0.29 billion yuan, an increase of 479.60% to 546.47% year-on-year.
During the reporting period, benefiting from the growth in production and sales of the domestic auto industry and strong demand in the overseas tire market, the company actively seized the development opportunities of 'dual circulation' at home and abroad. With the advantages of the 'overseas dual base' layout in Thailand and Cambodia, the company accelerated the layout of global marketing networks and the development of new businesses, accelerated the release of high-quality production capacity, and continuously improved its competitive advantages of high cost-performance products. In the first half of the year, the tire production and sales volume achieved significant growth; at the same time, the company continued to promote quality improvement and efficiency enhancement, achieving a significant increase in profitability.