On October 25, GeLongHui reported that Xi'an Manareco New Materials (688550. SH) announced the performance forecast for the third quarter of 2024. It is expected that the net income attributable to the owners of the parent company in the third quarter of 2024 will be 89.9779 million yuan, an increase of 50.2125 million yuan compared to the same period last year, a year-on-year increase of 126.27%. It is expected that the net income attributable to the owners of the parent company after deducting non-recurring gains and losses in the third quarter of 2024 will be 86.5 million yuan. It is expected to increase by 51.2863 million yuan compared to the same period last year, a year-on-year increase of 145.64%.

In the third quarter of 2024, influenced by the recovery of demand for consumer electronics, especially OLED display materials in the materials sector, the company's revenue increased significantly year-on-year; the main products in the pharmaceutical sector began shipping, leading to a growth in sales revenue. At the same time, the company continues to deepen cost reduction and efficiency enhancement, improving operational efficiency, reducing production costs, and substantially increasing profitability through process optimization, savings realization, and strengthening cost control.