Gelonghui, January 30丨Xinchai Co., Ltd. (301032.SZ) announced its 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 32 million yuan to 41.5 million yuan, up 44.33% - 87.17% from the same period last year; net profit profit after deducting non-recurring profit and loss was 25 million yuan to 32.5 million yuan, an increase of 185.58% - 271.25% over the same period last year.

During the reporting period, the company continued to strengthen business development, deepen the development of its main business, accelerate product research and development, technology upgrades and technical reserves to improve product quality. Actively implement an optimized management system and continue to effectively reduce costs and increase efficiency. As the company's sales revenue increased and the company's various management tasks were effectively promoted, product gross margin increased, and gross profit increased year-on-year.

During the reporting period, the company enjoyed the “Value-added Tax Credit for Advanced Manufacturing Enterprises” policy and is expected to increase revenue by approximately