On January 8, Glodon announced that Rongzhi Rixin (688768.SH) released its annual performance forecast for 2024. According to preliminary estimates from the finance department, it is expected that the annual revenue for 2024 will be around 0.583 billion yuan, an increase of approximately 17.06% year-on-year; the net income attributable to the parent company is expected to be around 0.108 billion yuan, an increase of approximately 72.25% year-on-year; the net income attributable to the parent company after deducting non-recurring gains and losses is expected to be around 0.105 billion yuan, an increase of approximately 84.75% year-on-year.
The main reasons for the company's expected growth in operating performance for 2024 compared to the same period last year include: first, benefiting from various industries accelerating the promotion of digitalization and Asia Vets transformation and upgrading, the company's equipment intelligent operation and maintenance services assist clients in achieving safe production and cost reduction and efficiency increase targets, resulting in an increase in the company's orders; second, the company has implemented a partner Global Strategy with initial results; third, the company continuously strengthens organizational capability building and enhances operational management efficiency, further improving the overall profitability. During the reporting period, the company's revenue growth in the wind power, Coal, and Steel industries significantly contributed to the increase in overall revenue.
