On January 24, Ge Longhui Technology (603690.SH) announced the advance increase in its 2023 annual results. According to preliminary estimates by the finance department, net profit attributable to the owners of the parent company is expected to be between 424 million yuan and 480 million yuan in 2023. Compared with the same period last year, it will increase between 142 million yuan and 198 million yuan, an increase of 50.12% to 69.95% over the previous year. Net profit after deducting non-recurring profit and loss attributable to owners of the parent company is expected to be between RMB 190 million and RMB 245 million in 2023, a year-on-year decrease of 14.17% to 33.44%.

During the reporting period, the company's main business developed steadily. The main reason for this change in performance was the impact of non-recurring profit and loss. The company's non-recurring profit and loss changes in the current period were mainly affected by the transfer of part of the shares of the participating company Guizhou Weidun Jingling Electronic Materials Co., Ltd., resulting in investment income of about 125 million yuan and other fair value changes.