On July 9th, Gelonhui announced that Elegant Home-tech (603221.SH) preliminarily estimated that it will achieve a net income of 67.5 million yuan to 75 million yuan attributable to the owners of the parent company in the first half of 2024 and turn losses into profits compared with the same period last year (disclosed statutory data). It is expected to achieve a net income of 75 million to 82 million yuan attributable to the owners of the parent company after deducting non-recurring gains and losses in the first half of 2024.
During the reporting period, the company achieved a turnaround profit compared to the same period last year and a significant increase in net income attributable to the owners of the parent company. The main reasons are as follows: (1) Increase in business volume, with a significant increase in operating income of main business. (2) The appreciation of the US dollar against the yuan and the low position of raw material prices positively affected the net income attributable to the owners of the parent company.