On January 26, Gelonghui Co., Ltd. (600847.SH) announced that according to preliminary estimates by the financial department, net profit attributable to shareholders of listed companies is expected to be -27 million yuan to -20 million yuan in 2023. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss is expected to be between -29 million yuan and 22 million yuan in 2023.

Benefiting from the continued resumption of domestic economic activity in 2023, the company actively exploited the market, product sales increased to a certain extent, and revenue increased to a certain extent over the same period last year. Due to the company's small size in the lead-acid battery industry and fierce competition in the industry, the gross margin of the product is low; although the company's losses in the current period were lower than the previous year, it still did not reach the level of overall profit.