Gelonghui, April 29丨Jinghua New Materials (603683.SH) released its report for the first quarter of 2024. Operating revenue during the reporting period was 389 million yuan, up 32.70% year on year; net profit attributable to shareholders of listed companies was 21.5797 million yuan, up 161.08% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 21.505 million yuan, up 223.17% year on year, with basic earnings per share of 0.094 yuan.

The main reasons for the increase in net profit attributable to shareholders of listed companies are:

1. The increase in sales revenue, especially the increase in sales of electronic adhesive materials and industrial adhesive materials with good profitability, increased net profit for the current period;

2. In the first quarter, the gross margin of the company's industrial adhesive materials and electronic adhesive materials all increased compared to the same period last year. The company implemented lean management, improved production efficiency, released production capacity, reduced operating costs, strengthened collection functions, and cost control showed initial results, enhancing the profitability of the current period.