Revenue of Wencan Group Expected to Increase by 20.16% in the First Ha

Published: Jul 17, 2024 14:38

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Revenue of Wencan Group Expected to Increase by 20.16% in the First Half of the Year" Recently, Wencan Group released its performance forecast, estimating that its net profit in the first half of 2024 will range from 70 million yuan to 90 million yuan, representing a year-on-year increase of 403.21% to 546.99%. For the first half of the year, the company expects its revenue to be around 3.078 billion yuan, representing a year-on-year increase of approximately 20.16%. Wencan Group attributed the expected increase in profits in the first half mainly to the increase in product output and revenue brought about by the launch of new models from domestic new energy vehicle customers and the increase in old projects. As the new models of customers are launched, the proportion of body structural parts and integrated large castings in the revenue structure has increased, further leading to an increase in profits. At the same time, some of the factory product delivery issues that Bailian Group encountered earlier are currently being gradually improved.

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