Zhonghong Medical hit the daily upper limit on July 29, with over 170,000 lots locked at the limit, closing at 12.85 yuan per share and a total market value of 5.511 billion yuan. The company released an earnings forecast on the evening of July 28, estimating first-half net profit of 140 million to 210 million yuan, a year-on-year increase of 2,338% to 3,557%. The sharp rise in performance was mainly due to higher selling prices for health protection gloves, a significant increase in product gross margins, and enhanced profitability through cost reduction, efficiency gains, and management optimization. In addition, the fluctuation of the yuan against the US dollar during the reporting period resulted in substantial exchange losses; excluding this impact, the improvement in operating performance would be even greater.
Zhonghong Pulin Medical Products Co. Ltd.Higher selling prices for health protection gloves and improved gross margins drive profit surge.