On July 9th, Gelunhui reported that Zhejiang Fenglong Electric (002931.SZ) announced its performance forecast for the first half of 2024. The net profit attributable to shareholders of the listed company for the reporting period ranges from 0.55 million yuan to 0.75 million yuan, a decrease of 92.50% to 94.50% year-on-year. The net profit after deducting non-recurring gains and losses ranges from 0.5 million yuan to 0.7 million yuan, a decrease of 87.97% to 91.41% year-on-year. Basic earnings per share profit is 0.00 yuan/share - 0.00 yuan/share.
In the first half of 2024, the downstream market has not yet recovered, and the company's sales growth is weak. At the same time, due to the relocation of the company's plant, fixed expenses such as depreciation of fixed assets have increased, resulting in a significant decrease in net profit compared to the same period last year.
