On April 17, Ge Longhui Co., Ltd. (603617.SH) announced that according to preliminary estimates by the finance department, net profit attributable to the owner of the parent company is expected to be 15 million yuan to 19 million yuan in the first quarter of 2024. Compared with the same period of the previous year (statutory disclosure data), it will increase 5.4456 million yuan to 9.456 million yuan, an increase of 57.00% to 98.86% over the previous year. It is estimated that in the first quarter of 2024, net profit attributable to owners of the parent company will be between 13 million yuan and 16 million yuan. Compared with the same period last year (statutory disclosure data), it will increase by 2.7879 million yuan to 5.7879 million yuan, an increase of 27.30% to 56.68% over the previous year.

Since the fourth quarter of 2023, the household pump industry has picked up, and downstream customer demand has continued to recover. The company's on-hand orders during the same period have returned to a historically high level, which effectively increased the company's product production, sales and gross margin over the reporting period. At the same time, the company has continuously strengthened internal management, improved overall operating capabilities, and actively promoted the implementation of new projects, effectively supporting current performance.