Gelonghui, January 29丨Zhongyuan Co., Ltd. (300018.SZ) announced its 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 52.4092 million yuan - 60.038 million yuan, an increase of 490.00%-580.00% over the same period last year; net profit profit after deducting non-recurring profit and loss was 30.0714 million yuan - 35.793 million yuan, an increase of 110.00%-150.00% over the same period last year.

The company focused on smart grids, increased market development efforts, steadily promoted the implementation of R&D projects, and achieved year-on-year increases in contract amount, operating income, and net profit. According to market demand and technological innovation, the company accelerates product iteration and performance and cost optimization, enriches the product structure, and actively lays out the power Internet of Things. During the reporting period, the company's main products continued to maintain a leading position in the industry. New products such as next-generation intelligent fault recording devices, power quality monitoring devices, hard plate condition monitoring systems, and rail transit systems brought opportunities for business growth.

The company expects that non-recurring profit and loss will increase the company's net profit by about RMB 2200.00 to 26.00 million yuan during the reporting period, mainly due to changes in the fair value of participating funds and income from cash management.