Yongjin Technology (SH:603995)2024-07-09 08:14Financial Performance - The company expects to achieve a net profit attributable to shareholders of the parent company for the first half of 2024 between 400 million to 450 million yuan, an increase of 186.48 million to 236.48 million yuan compared to the same period last year, representing a year-on-year growth of 87.34% to 110.76%[3] - The estimated net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between 280 million to 325 million yuan, an increase of 81.99 million to 126.99 million yuan compared to the same period last year, reflecting a year-on-year growth of 41.41% to 64.14%[10] Performance Drivers - The main reasons for the performance increase include the release of new production capacity from projects launched in the second half of last year, specifically the Guangdong Yongjin "annual processing of 350,000 tons of wide precision stainless steel strip technology transformation project" and the Zhejiang Yongjin "annual processing of 195,000 tons of ultra-thin precision stainless steel strip project" as well as improved capacity utilization in Vietnam[18]