On July 9th, Golonhu announced that Sailun Tire (601058.SH) is expected to achieve a net income attributable to shareholders of the listed company of 2.12 billion yuan to 2.18 billion yuan in the first half of 2024, an increase of 1.074 billion yuan to 1.134 billion yuan compared to the same period last year (disclosed data), an increase of 102.68% to 108.41%.
It is expected that the net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, will reach 2.03 to 2.09 billion yuan in the first half of 2024, an increase of 0.896 to 0.956 billion yuan compared with the same period of last year (disclosed data), a year-on-year increase of 79.01% to 84.30%.
In the first half of 2024, the company's global strategy, technological innovation, and brand building continued to show results, and its products were increasingly recognized by domestic and foreign customers: the production and sales volumes of all-steel, semi-steel, and off-road tire products reached the best level in history for the same period; the sales growth of the company's products in domestic and foreign markets exceeded 30% year-on-year, with higher gross margin products growing at a higher rate. Therefore, it is expected that the net profit in the first half of this year will increase significantly compared to the same period last year.