Increase by 30.59% -36.59%! Meichang issued a performance forecast for the second quarter and the first half of 2023.

On July 14, Meichang issued a semi-annual performance forecast for 2023. In the first half of 2023, the performance of Meichang shares is expected to rise in the same direction. The net profit attributable to shareholders of listed companies is 870 million to 910 million yuan, compared with 666.23 million yuan in the same period last year, an increase of 30.59% to 36.59% in the same period; Net profit attributable to shareholders of listed companies was 830-870 million yuan, compared with 624.43 million yuan in the same period last year, an increase of 32.92% -39.33% over the same period.

As for the reasons for the performance changes in the first half of the year, Meichang said that it was due to the continuous growth of new photovoltaic installed capacity downstream and the strong market demand for electroplating diamond wires, which led to the steady growth of the company's revenue in the first half of 2023. In the first half of

2023, the impact of non-recurring gains and losses on net profit was about 40 million yuan, mainly due to government subsidies and idle capital financing income.  

Meanwhile, Meichang issued a performance forecast for the second quarter of 2023. The net profit attributable to shareholders of listed companies in the second quarter was 490.73 million to 530.73 million, an increase of 29.39% to 39.93% over the first quarter; Net profit after deduction of non-recurring profit and loss was 469.52 million to 509.52 million, an increase of 30.25% to 41.35% over the previous quarter.

Meichang said that in the second quarter of 2023, the sales volume of carbon steel diamond wire for photovoltaic silicon slicing was 28.0932 million kilometers, an increase of 13.20% over the first quarter, and the average sales price was 37.09 yuan/kilometer, which was basically the same as the first quarter; In the second quarter, the sales volume of tungsten wire and diamond wire for photovoltaic silicon slicing was 3.4104 million km, an increase of 63.12% compared with the first quarter, and the average sales price was 66.21 yuan/km, which was basically the same as the first quarter.