Ningbo Deye Technology (SHA:605117) expects to record a net profit attributable to the parent of between 2.90 billion yuan and 3.10 billion yuan in 2024, jumping 62% to 73% from the prior year, according to a Shanghai Stock Exchange filing on Thursday.
The Chinese solar inverter manufacturer attributed the forecast to growth in sales revenue amid stronger demand.
The attributable profit in 2023 was 1.79 billion yuan or 4.17 yuan per share.
Deye's shares rose less than 2% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments