On January 26th, Tongkun Corporation announced that it expects to achieve a net profit attributable to shareholders of the listed company of 1.12 billion yuan to 1.27 billion yuan in 2024, a year-on-year increase of 40.52% to 59.34%. In 2024, with the continuous implementation of stable growth policies in China, on the one hand, the polyester filament industry has relatively little new production capacity, and downstream demand for stretch weaving and other services is growing rapidly, further improving the supply and demand pattern and helping to enhance the profit margin of polyester filament products; On the other hand, Zhejiang Petrochemical, in which the company holds shares, relies on global large-scale integrated refining and chemical facilities to continuously optimize equipment performance, tap potential and increase efficiency. The chemical product line continues to extend, with increasingly diverse varieties and improved gross margins for some chemical products.
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