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Tongling Co., Ltd.: 2024 performance forecast
Tongling Co., Ltd. (301168.SZ): Net income for 2024 is expected to decrease by 45.45%-59.99%.
On January 20, Gelonghui reported that Tongling Co., Ltd. (301168.SZ) announced its performance forecast for 2024, expecting a net income attributable to shareholders of the listed company to be between 66 million yuan and -90 million yuan, a decrease of 45.45%-59.99% compared to the same period last year; the net income attributable to the shareholders of the listed company, excluding non-recurring gains and losses, is expected to be between 51 million and -75 million yuan, a decrease of 50.24%-66.16% compared to the same period last year. In 2024, due to the drop in prices of downstream photovoltaic modules, the prices of various upstream auxiliary materials have generally been reduced.
Tongling Co., Ltd. (301168.SZ): The cable business has now begun to lay out the overseas sales market.
Gelonghui, December 31丨Tongling Co., Ltd. (301168.SZ) stated on the investor interaction platform that the company had arranged for the processing, manufacturing, and sales of wires and cables before going public to reduce costs and increase efficiency. The current cable business has already begun to expand into overseas sales markets.
Tongling Co., Ltd. (301168.SZ): Plans to use no more than 0.2 billion yuan of idle raised funds and no more than 1 billion yuan of its own funds for Cash / Money Market management.
On December 20, GuLonghui reported that Tongling Co., Ltd. (301168.SZ) held the fourth meeting of the fifth Board of Directors and the fourth meeting of the fifth Supervisory Board on December 20, 2024, respectively reviewing and approving the "Proposal on the Use of Part of Idle Raised Funds and Self-owned Funds for Cash Management." The company agreed to use no more than 0.2 billion yuan of idle raised funds (including oversubscribed funds) and no more than 1 billion yuan of its own funds for cash management, valid for 12 months from the date of approval at the first extraordinary general meeting of shareholders in 2025.
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