On July 25th, GeLongHui announced that YuBang Electrical Utilities (688597.SH) released the performance forecast for the first half of 2024. According to preliminary calculations by the financial department, it is expected that the net income attributable to the owners of the parent company will be between 34 million yuan and 40 million yuan, a year-on-year increase of 668.27% to 803.85%. It is expected that the net income attributable to the owners of the parent company after deducting non-recurring gains and losses for the first half of 2024 will be between 31.5 million yuan and 37.5 million yuan, a year-on-year increase of 994.32% to 1202.76%.
In the first half of 2024, revenue increased significantly compared to the same period last year. On the one hand, with the deepening of the intelligent transformation of the State Grid and Southern Power Grid, the bidding volume of the two networks' intelligent power products has increased. On the other hand, the company has taken a series of measures, including but not limited to in-depth visits to customers, further understanding customer needs, and comprehensively strengthening internal management, to continuously improve product competitiveness.