On January 26, Gelonghui | Xinghua New Materials (301077.SZ) announced that it expects net profit of 93.0 million yuan to 10,500,000 yuan in 2023, a change of -5.24% to 6.98% from the same period last year, after deducting non-net profit of 90,000,000 yuan to 95.0 million yuan, and a change of -2.33% to 3.10% over the same period last year.

During the reporting period, due to the decline in domestic and foreign demand, the company's product sales declined slightly year-on-year. At the same time, the company formulated scientific production plans, strengthened supply chain management, and improved internal operation efficiency.