Huguang shares' performance is expected to increase in 2024

In its 2024 performance forecast, Huguang Group stated that it expects to achieve a net profit attributable to shareholders of RMB 600-710 million for the whole year, a year-on-year increase of 1009.12%-1212.46%. The net profit attributable to shareholders after deducting non-recurring items is expected to be RMB 584-694 million, a year-on-year increase of 1362.38%-1637.83%. The net profit attributable to shareholders in the fourth quarter of 2024 is expected to be RMB 217 million, a year-on-year increase of 182.51% and a month-on-month increase of 18.33%. The company's customer Ledao L60 achieved mass production in 2024M9, with sales of 19,929 units in the fourth quarter of 2024, a month-on-month increase of 2,295.31%, driving the company's performance to improve month-on-month. The company's customer Ledao L60 achieved mass production in 2024.