CABIO expects a profit increase, with a projected year-on-year growth of 53.77% in net profit attributable to the parent company for the first three quarters
CABIO expects a net profit attributable to the parent company of approximately 129 million yuan in the first three quarters, a year-on-year increase of 53.77%. The growth in performance is mainly attributed to the increase in sales of ARA and algal oil DHA products to domestic customers, as well as improvements in production efficiency and product structure optimization
According to the Zhitong Finance APP, CABIO (688089.SH) announced a performance forecast for the first three quarters, expecting a net profit attributable to the parent company's owners of approximately 129 million yuan, an increase of 53.77% compared to the same period last year.
During the reporting period, the company's revenue increased mainly due to the rise in sales of ARA and algal oil DHA products to domestic customers; the profit increase was primarily due to the rise in revenue, along with improvements in production efficiency, as well as optimization of product and customer structures, which enhanced the company's profitability
