Weilan Lithium anticipates achieving a net profit of RMB 420 million to RMB 500 million in 2024, indicating a remarkable year-on-year growth rate of 198% to 255%. Excluding non-recurring gains and losses, the net profit is expected to fall within the range of RMB 360 million to RMB 440 million, signifying an even steeper year-on-year increase of 222.91% to 294.67%. This substantial performance uptick is primarily driven by the stellar performance of both the lithium battery business and the LED business. The lithium battery segment has set a new sales benchmark, fueled by the resumption of purchases from overseas customers in the power tool industry and the company's expansion into the intelligent transportation sector. Concurrently, the LED business has witnessed a significant surge in profit contributions, thanks to its strategic placement in emerging display areas such as MiniLED.