Wencan Group's revenue will decline in 2023 and increase in the first quarter of 2024

Wencan Group's revenue in 2023 reached 5.101 billion yuan, a year-on-year decrease of 2.45%. Net profit was 50.43 million yuan, a year-on-year decrease of 78.77%. Among them, the revenue of high-pressure casting products was 1.973 billion yuan, the revenue of low-pressure casting products was 177 million yuan, and the revenue of gravity casting products was 2.629 billion yuan. In the first quarter of 2024, the company's revenue was 1.48 billion yuan, a year-on-year increase of 16.33%; net profit was 62.0625 million yuan, a year-on-year increase of 2344.25%.