JSG Predicts an Increase of Net Profit in Q3 2022

PVTIME – On October 11, Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. (JSG)(300316.SZ), released its performance forecast for the first three quarters of 2022.

The company expects a net profit attributable to shareholders of listed companies to be 1.887 billion to 2.109 billion yuan during the reporting period, a year-on-year increase of 70 – 90%. And the net profit after deducting non-recurring gains and losses is calculated to be 1.787 billion to 2.009 billion yuan, a year-on-year increase of 69.99 – 91.11%.

For the third quarter, the net profit attributable to shareholders of listed companies is expected to be 680 million to 902 million yuan, with a year-on-year growth of 33.44 – 76.99%. While the net profit after deducting non-recurring gains and losses to be 677 million to 899 million yuan in Q3, a year-on-year increase of 33.70 – 77.57%.

JSG stated that it actively promoted the delivery of orders in reporting period to achieve this rapid year-on-year growth in business performance.

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