Summary by Moomoo AI
CHONGQING M&E has released a positive profit forecast, estimating that the profit attributable to Shareholders for the year ending December 31, 2024, will increase by approximately 40%-45% compared to the same period in 2023. This growth is mainly due to the proactive market capture of high-power engine Business, fully releasing the capacity of the new production line, leading to significant growth in investment returns.The company's main Businesses, including industrial pumps, are enhancing their market share through strengthened market development while strengthening internal management and implementing cost reduction and efficiency enhancement measures to further improve the quality of Operation. The company will publish the 2024 annual performance announcement on March 20, 2025, and the relevant financial data has not yet been audited by the auditor or the audit committee, so the final data may be subject to adjustment.
