On July 12th, Gelon Hui announced the 2024 interim performance forecast of Jiangsu Tongrun Equipment Technology (002150.SZ), with a net income attributable to shareholders of the listed company of 62.941 million yuan to 92.3135 million yuan, an increase of 180.18% - 310.94% over the same period last year; the net profit after deducting non-recurring gains and losses was 57.0499 million yuan to 83.6732 million yuan, an increase of 148.74% - 264.81% over the same period last year; basic earnings per share were 0.17 yuan/share - 0.25 yuan/share.
The main reason for the increase in net profit of the company compared to the same period last year during the reporting period is:
(1)Profit contribution from the restructuring and injection of business
Starting from this year, the financial performance of Chint Power is fully included in the company's financial statements. The significant increase in business scale resulting from the injection of the restructuring business has a significant effect. The increase in the value of inventory evaluation resulting from the asset evaluation generated during the merger of enterprises not under the same control has been basically completed in the 2023 year, and the impact on the merged net profit has decreased this year. The Chint Power business has contributed to the increase in profit.
(2)Growth of metal tool manufacturing business
With the continuous recovery of overseas consumer markets, the metal tool manufacturing business has grown year-on-year, and its business growth has offset the decrease in net profit caused by the divestment of power transmission and distribution business, still contributing to the company's net profit increase.
(3)Impact of significant asset restructuring costs
The company completed a significant asset restructuring in the first half of 2023, and the one-time impact of the restructuring costs incurred by the acquisition led to a reduction in profits in the same period of last year, and this cost has no impact on the current period.