Sanhe Pipe Pile: First half profit 48 million-62 million! An increase of 82.55% -135.8%!

On July 13, Guangdong Sanhe Pipe Pile Co., Ltd. issued a performance forecast for the first half of 2023.

The announcement showed that the net profit attributable to shareholders of listed companies in the first half of the year was 48 million to 62 million, an increase of 82.55% to 135.8% over the same period last year. In the

announcement, Sanhe Pipe Pile said that the reasons for the performance changes during the reporting period were as follows: the company focused on the development of its main business. On the one hand, by giving full play to the advantages of "Sanhe" brand and scale, it actively expanded the market and achieved a year-on-year increase in production, sales and operating income. In particular, benefiting from the sustained improvement of the photovoltaic market, the sales of pipe piles for photovoltaic projects increased significantly year-on-year; On the other hand, through continuous promotion of cost reduction and efficiency enhancement, continuous optimization of internal management, the level of comprehensive gross profit rate has been improved, thus effectively promoting the steady growth of the company's performance. During the reporting period, the impact of non-recurring gains and losses of the Company on the net profit attributable to the shareholders of the listed company is expected to be approximately RMB13 million, representing an increase of approximately RMB4.4 million as compared with the same period last year, mainly due to the increase in the reversal of the provision for impairment of accounts receivable in the single impairment test.