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Zhejiang Jingu forecasts significant profit growth in first half

July 7, 2025 at 05:26 PM UTCBy FilingReader AI

Zhejiang Jingu Co., Ltd. (SZSE:002488) has released its semi-annual performance forecast for the period of January 1, 2025, to June 30, 2025, projecting a significant increase in net profit attributable to shareholders. The company expects net profits to range between CNY 30 million and CNY 45 million, representing a year-over-year growth of 44.06% to 116.08%. Net profit after non-recurring gains and losses is forecasted between CNY 25 million and CNY 37.5 million, reflecting a year-over-year increase of 58.09% to 137.14%. Basic earnings per share are projected to be between CNY 0.03 and CNY 0.05. The company attributes the anticipated profit surge to the growing adoption of its Avatar low-carbon wheels, particularly in the new energy vehicle sector, highlighting the advantages of these wheels, including light weight, high strength, and improved cost-effectiveness. Zhejiang Jingu notes that its Avatar low-carbon wheel business has seen continuous positive momentum during the reporting period, with multiple designated projects entering mass production and securing project nominations from leading domestic and international automotive manufacturers.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:002488Shenzhen Stock Exchange

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