Shanghai Phoenix Enterprise (600679.SH) announced a performance forecast for the first half of 2024 on July 10th, indicating that it is expected to achieve net income attributable to the parent company owner of about 40 million yuan, a year-on-year increase of 58.40% according to preliminary estimates of the company's finance department. It is expected to achieve a net profit attributable to the owner of the parent company, excluding non-recurring gains and losses, of 35.7913 million yuan, up 101.60% YoY in the first half of 2024.
In 2024, China's economy continued to recover and improve, and the scale of imports and exports steadily increased. From January to May 2024, China exported about 19.01 million bicycles, an increase of 24.70% YoY, and the company's revenue for the first half of the year is expected to increase by about 42.20% YoY.