Net profit in the first half of the year increased by 104.03%-136.94%.

As of 9:31 today, the stock price dropped and stopped, with a turnover of 1.4561 million shares, a turnover of 78.4291 million yuan and a turnover rate of 1.26%. The latest performance forecast issued by the company shows that the net profit in the first half of the year is expected to reach 155 million yuan to 180 million yuan. Net profit increased by 104.03%-136.94% year on year. Reasons for

performance changes During the reporting period, benefiting from the rapid development of the new energy industry, strong customer demand, gradual mass production of fixed-point projects, the number of orders increased significantly. The company's new energy power battery box, new energy automotive precision stamping dies and metal parts, energy storage and photovoltaic inverters and other businesses steadily improved, business income increased year-on-year; At the same time, the company improved management efficiency and continued to effectively promote cost reduction measures. During the reporting period, the company's operating performance achieved a substantial increase. Among the companies that announced their performance forecasts for the first half of the year

today, Jinbin Development, Baoxiniao and Meichang shares were relatively strong as of the time of publication, with their share prices rising by 9.90%, 8.46% and 7.84% respectively, while Xiangxin Science and Technology, Shuangxing New Material and Daheng Science and Technology had a larger decline in their share prices. Down 10.00%, 5.30% and 5.01% respectively. On the

capital side, the main capital of Xiangxin Science and Technology showed a net outflow in the past 5 days, with a cumulative net outflow of 58.6965 million yuan, of which the net outflow of the main capital on the previous trading day was 67.1964 million yuan.

In recent years, in order to promote the further development of China's new energy automobile market, the state issued a series of favorable policies in the first half of this year.

On May 17, the National Development and Reform Commission and the State Energy Administration jointly issued a document clearly pointing out that automobile consumption is the "big head" to support consumption, which will accelerate the construction of charging piles and urban parking facilities, vigorously promote new energy vehicles to the countryside, encourage automobile enterprises to develop more suitable models for use in county and rural areas, and at the same time, promote the development of new energy vehicles. Accelerate the implementation of the pilot project of comprehensive electrification of vehicles in the public sector; On June 19, the Ministry of Finance, the State Administration of Taxation and the Ministry of Industry and Information Technology jointly announced that in order to support the development of the new energy automobile industry and promote automobile consumption, they decided to continue to extend and optimize the policy of reducing and exempting the purchase tax of new energy automobiles from January 1, 2024 to December 31, 2025.

In order to better seize the historic opportunity for the development of new energy industry, Xiangxin Science and Technology will continue to implement the strategic plan of focusing on the layout of new energy track in 2023, vigorously develop customers of new energy vehicles, power batteries and energy storage equipment, and accelerate the development and innovation of new energy-related products, with precision stamping dies as the starting point. Combining the advantages of batch, automation and lean production management of metal structural parts, we will further optimize the company's industrial layout and enrich the company's product types, and promote the rapid growth of new energy business.

According to the financial budget report of 2023, the company's business income target for this year is 8 billion yuan, and the company will base itself on its existing main business, actively explore the market, continue to promote technological and product innovation, and actively promote the construction of fund-raising investment projects. Strive to achieve this financial budget goal.

Collated from Securities Daily and Securities Times Net & nbsp;