Gelonghui, April 10 | Xiuqiang Co., Ltd. (300160.SZ) announced its results forecast for the first quarter of 2024. Net profit attributable to shareholders of listed companies during the reporting period was 65-80 million yuan, up 3% to 27% over the same period last year; net profit after deducting non-recurring profit and loss was 6,000-77 million yuan, up 3% to 32% over the same period last year.

During the reporting period, the company's net profit increased compared to the same period last year. The main reason was that sales revenue increased by about 15% over the same period of the previous year to ensure a steady increase in performance in the first quarter; second, strategic adjustments and optimization of the sales structure of main products were carried out to increase the sales share of high-value-added products and guarantee the gross margin level of products; third, the overall increase in the exchange rate of the US dollar against the RMB, and overseas sales brought certain benefits to the company. In the reporting period, the impact of non-recurring profit and loss on net profit was 3 to 5 million yuan, compared to 3.28 million yuan for the same period last year.