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Tianyin Electromechanical Anticipates Doubling Its Net Profit in 2024, Led by Refrigerator Compressor Business
2025-01-15
Tianyin Electromechanical projects its net profit to surge to a range of RMB 90 million to RMB 110 million in 2024, marking an impressive year-over-year growth of 174.56% to 235.57%. This robust expansion is primarily fueled by the escalating demand for spare parts for refrigerator compressors and the expansion of its radar and aerospace electronics business segments. Furthermore, the company anticipates receiving approximately RMB 41 million in cash from the liquidation of GD Leixin, with an estimated profit or loss recognition of roughly RMB 18 million.
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