Publicado: Jul 29, 2024 08:33
[Yongjin Co., Ltd.: Net Profit for the First Half of 2024 Expected to Increase by 87.34% to 110.76% Year-on-Year, as Two Stainless Steel Projects Unleash New Production Capacity] Recently, Yongjin Co., Ltd. issued a preliminary announcement of its 2024 semi-annual earnings growth, indicating that the company's net profit attributable to the owners of the parent company is expected to increase by 87.34% to 110.76% year-on-year for the first half of 2024, based on preliminary estimates by the company's financial department. This growth is attributed to the newly released production capacity from the "Annual Processing Capacity of 350,000 Tons of Wide and Precise Stainless Steel Strip Technological Transformation Project" in Guangdong Yongjin and the "Annual Processing Capacity of 195,000 Tons of Ultra-thin and Precise Stainless Steel Strip Project" in Zhejiang Yongjin, both of which commenced operations in the second half of last year.

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