EBL Forecasts 198.26%-255.07% YoY Net Profit Growth in 2024
2025-01-22 / Read about 0 minute
Author:小编   

EBL has issued its financial outlook for 2024, anticipating a substantial surge in net profit attributable to shareholders, ranging from 420 million to 500 million yuan. This represents a remarkable year-on-year growth of between 198.26% and 255.07%. The robust expansion can be attributed to several key factors. Firstly, the resurgence of procurement by international clients within the power tool industry has bolstered the company's performance. Secondly, EBL's strategic expansion into the realm of smart mobility has fueled continuous growth in its lithium battery segment, achieving record-breaking sales volumes. Furthermore, the LED chip market has experienced a notable recovery, and the company's strategic positioning in advanced display technologies such as Mini LED has yielded positive results, leading to a significant year-on-year jump in profits from its LED business.

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