The net profit of Luoyang Glass in 2022 is expected to increase by more than 50%, ranging from 383 million to 410 million.

Digital Building Materials DataBM. Com reported on February 1 that Luoyang Glass issued a performance pre-increase announcement for 2022, and the net profit attributable to the shareholders of the parent company for the whole year of 2022 is expected to be RMB 383 million to RMB 410 million, compared with the same period last year (after retrospective adjustment). It will increase by 127.24 million yuan to 154.24 million yuan, an increase of about 50% to 60% over the same period last year.

It is estimated that the net profit attributable to the shareholders of the parent company after deducting non-recurring gains and losses for the whole year of 2022 will be RMB 77 million to 90 million, which will decrease by 93.26 million to 106.26 million compared with the same period last year (after retrospective adjustment). The year-on-year decrease is about 51% to 58%.

The company said that the expected increase in performance was mainly related to non-recurring gains and losses such as the disposal of subsidiary equity and the increase in government subsidies.

Up to the time of publication, the market value of Luoyang glass was 14.263 billion yuan.