GD Power Development Foresees Up to 76% Rise in 2024 Profit

MT Newswires Live

2025/01/22

GD Power Development (SHA:600795) forecasts its attributable profit to increase by 69% to 76% to around 9.50 billion yuan and 9.85 billion yuan in 2024 from 5.61 billion yuan in 2023.

The foreseen rise is attributable to the proceeds from the transfer of a 50% stake in a subsidiary and higher investment income, according to a Wednesday filing with the Shanghai Stock Exchange.

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