Shanghai Belling Corp., Ltd. (600171.SH) disclosed its 2024 half-year performance forecast. The company expects a net income of 0.12 billion yuan to 0.14 billion yuan for the reporting period attributable to the owners of the parent company, reversing the loss from the previous year. The net income attributable to owners of the parent company, after deducting non-recurring gains and losses, is expected to increase by 52% to 81% to 0.105 billion yuan to 0.125 billion yuan.
Zhitong Finance and Economics APP learned that Shanghai Belling Corp., Ltd. (600171.SH) disclosed its 2024 half-year performance forecast. The company expects a net income of 0.12 billion yuan to 0.14 billion yuan for the reporting period attributable to the owners of the parent company, reversing the loss from the previous year. The net income attributable to owners of the parent company, after deducting non-recurring gains and losses, is expected to increase by 52% to 81% to 0.105 billion yuan to 0.125 billion yuan.
During the reporting period, the integrated circuit industry saw a recovery in some market demand and improved business conditions, and downstream customer demand increased to some extent. With the continuous increase in the company's R&D investment in recent years, its independent innovation ability has been further improved, and its product series and types have been continuously improved and enriched. At the same time, the company seized opportunities for market expansion, further increased product sales efforts, and expects revenue to increase by 27% YoY, with a corresponding increase in gross profit.