[Fulin Precision Machining: 2024 Annual Profit Estimated at 370-450 Million Yuan, Turning Loss into Profit]
On January 21, Fulin Precision Machining released its 2024 annual performance forecast, estimating net profit attributable to shareholders of the publicly listed firm at 370-450 million yuan, compared to a loss of 543 million yuan in the same period last year. The company's automotive parts business achieved steady growth in revenue and profit, with the new energy parts business maintaining rapid growth in production and sales. The intelligent electronic control industry's thermal management systems and new energy electric drive systems entered a phase of rapid growth. In the lithium battery cathode materials segment, shipments of LFP cathode materials increased significantly YoY, with substantial growth in revenue and a marked improvement in profitability.
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