On April 7, Hengdian Dongci announced that the company's performance in the first quarter of 2023 is expected to achieve a net profit of 548 million yuan to 620 million yuan attributable to shareholders of listed companies. Year-on-year growth of 49.8% ~ 69.5% .
Hengdian Dongci said that the main reasons for the better growth in performance were:
component shipments achieved a larger year-on-year and month-on-month growth, and profits more than doubled year-on-year growth. Affected by the intensified market competition and the weak prosperity of some downstream application markets, the profit
of Hengdian East Magnetic Material Industry has declined year on year.
In addition, due to the intensified market competition and the continued weak demand of electric two-wheeled vehicles, electric tools and other industries, Hengdian East Magneto Lithium Power Industry has increased its cost expenditure by adding new production capacity in the equipment commissioning and trial production period, which has led to a significant decline in profits over the same period of last year, but thanks to the further development of the market, it has maintained a relatively high level. Shipments were up year over year.
浙公网安备33010802003254号