Wuxi Zhonghua (605319.SH) announced its 2024 interim performance forecast, expecting a net income attributable to its shareholders of 1.55 billion to 1.6 billion yuan in the first half of the year, a year-on-year increase of 71.23% to 76.76%.
In the first half of the year, the global macroeconomy continued to recover steadily, and the auto industry maintained a high degree of prosperity. The company's business orders continued to grow steadily. In addition, the decrease in the prices of the company's main raw materials compared to the same period last year also contributed to the increase in product gross margin and company profits. Therefore, the company achieved significant growth in performance in the first half of 2024.