OKEX: Expected net profit in the first quarter to increase by 172 million to 212 million yuan year-on-year

MetaMuskRat · 2026-03-28T11:45:39+00:00

People's Financial News, March 27 — Okoyi (688308) released an earnings forecast on March 27, estimating that net profit attributable to owners of the parent company will be between 180 million and 220 million yuan in the first quarter of 2026, representing an increase of 172 million to 212 million yuan compared to the same period last year. During the reporting period, the main raw material for cemented carbide tools, tungsten carbide, continued to rise significantly, and the company achieved both volume and price growth for its products. The capacity utilization rates of the CNC blade and CNC tool industrial parks continued to improve, leading to product price increases, and gross profit margin and net profit margin increased year-on-year, driving the company's profitability upward.

MetaMuskRat

2026-03-28 11:45:39

People’s Finance and News, March 27—On March 27, Ouke Yi (688308) released an earnings forecast. It expects that in the first quarter of 2026, net profit attributable to owners of the parent company will be RMB 180 million to RMB 220 million, an increase of RMB 172 million to RMB 212 million compared with the same period last year. During the reporting period, the main raw material for hard metal cutting tools, tungsten carbide, continued to rise significantly, and the company achieved simultaneous growth in both product volume and pricing. The capacity utilization rates for both the CNC insert and CNC tool industrial park projects continued to improve; corresponding price increases were implemented for the products. The gross margin and net margin increased year over year, driving an improvement in the company’s profitability.

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