Shanghai Yanpu's performance in 2024 is expected to increase by 50.66%, with dual expansion of customers and products

Shanghai Yanpu Company released an announcement of expected performance increase in 2024, and it is expected to achieve a net profit attributable to the parent company of 137 million yuan, a year-on-year increase of 50.66%. This growth is mainly due to strict cost control and effective teamwork, as well as the increase in capacity utilization and cost brought about by the mass production of new projects. In addition, the company is also actively expanding new customers and new products, including cooperation with mainstream Tier 1s such as Dongfeng Lear, Tachi-S, Magna, and Yanfeng, as well as cooperation with railway industries such as Golden Eagle Heavy Industries.