Wuxi Zhenhua(605319)2024-10-09 08:55Financial Performance - The estimated net profit attributable to shareholders for the first three quarters of 2024 is expected to be between 237 million to 250 million CNY, representing a growth of 42.23% to 50.04% compared to the same period last year[1]. - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 233 million to 246 million CNY, indicating a growth of 49.25% to 57.57% year-on-year[2]. - The net profit for the same period last year was 166.63 million CNY, with a net profit of 156.12 million CNY after deducting non-recurring gains and losses[3]. Factors Contributing to Profit Growth - The increase in profit is attributed to new projects gradually coming online, sufficient market orders, and improved gross margins due to economies of scale[4]. - The decline in prices of main raw materials compared to the same period last year has also contributed to the increase in product gross margins and overall profitability[4]. - The selective precision electroplating business has shown year-on-year growth, enhancing the company's overall profitability[4]. Forecast Accuracy and Reporting - There are no significant uncertainties affecting the accuracy of this performance forecast[4]. - The forecast data is preliminary and the final financial data will be disclosed in the official Q3 2024 report[4].