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Flantrek: Net profit in the first quarter is expected to increase by 54%–74% year-on-year
People’s Finance Network April 7, 2024 — FaLantaiKe (603966) announced on April 7 that the company expects to achieve net profit attributable to shareholders of listed companies of RMB 53 million to RMB 60 million in the first quarter, representing an increase of 54%—74% year over year. The year-on-year increase in this period’s performance is mainly attributable to the continued improvement in the industry outlook for the company’s main business of material handling equipment. Since 2025, in the heavy industrial sector, fixed-asset investment in multiple sub-industries has grown rapidly, driving strong demand for the company’s main heavy-duty material handling equipment.