Shanghai Guangdian Electric Group (601616.SH) announced that it expects to achieve net income attributable to owners of the parent company of 25.5 million yuan to 33 million yuan in the first half of 2024, an increase of 9.6232 million yuan to 17.1232 million yuan compared to the same period last year, a year-on-year increase of 60.61% to 107.85%. It is expected that the net income attributable to owners of the parent company after deducting non-recurring gains and losses will be 22.7662 million yuan to 30.2662 million yuan in the first half of 2024, an increase of 9.5011 million yuan to 17.0011 million yuan compared to the same period last year, a year-on-year increase of 71.62% to 128.16%.

In the first half of 2024, the company's revenue increased due to changes in the operating conditions and project progress of industrial customers, and cost management further strengthened. The credit impairment of long accounts receivable was reversed, leading to an increase in performance in the first half of 2024. In the first half of 2024, the non-operating gains and losses of the company increased slightly compared to the same period last year, and the absolute amount of changes had a small impact on the current performance.