Liugang Co., Ltd. announced that according to preliminary estimates by the finance department, the company expects to achieve a net profit of about 50 million yuan to 58 million yuan attributable to the owner of the parent company in the first half of 2024, turning a loss into a profit. Net profit after deducting non-recurring profit and loss is approximately $34 million to $42 million. Net profit attributable to owners of the parent company for the same period last year was -144.72 million yuan. The improvement in performance was mainly due to the company's adoption of measures such as expanding resources, strengthening internal and external collaboration, reducing procurement costs, and improving sales efficiency, as well as the impact of non-operating profit and loss and changes in accounting processing.