Gelonghui, April 29丨Baichuan Co., Ltd. (002455.SZ) released its 2024 first quarter report. In the first quarter of 2024, the company achieved operating income of 1,178 billion yuan, up 52.24% year on year, and net profit attributable to shareholders of listed companies was 358.11,800 yuan, up 174.75% year on year. The main reasons were stabilizing market conditions, improving downstream demand, and the steady rise in prices of major chemical products. Coupled with the release of production capacity at the Ningxia base project, the company's gross profit in the chemical sector increased significantly compared to the same period last year. As the market gradually stabilizes and downstream demand improves, the company's net profit attributable to shareholders of listed companies turned a loss into a profit in the first quarter. In the future, the company will further expand the market and stabilize the company's normal operating profit.