Novosense(688052)2025-02-25 09:40Financial Performance - Total revenue for 2024 reached RMB 196,067.96 million, a year-on-year increase of 49.56%[6] - Net profit attributable to the parent company was RMB -40,294.61 million, with a basic earnings per share of RMB -2.83[6][7] - Total assets at the end of 2024 were RMB 766,908.79 million, reflecting a year-on-year growth of 7.17%[6] - Equity attributable to the parent company decreased by 4.31% to RMB 593,899.56 million[6] - The net asset value per share attributable to the parent company decreased by 4.32% to RMB 41.67[6] Market Conditions - The company's gross margin faced pressure due to intensified market competition and overall macroeconomic conditions[7] - The automotive electronics sector showed robust demand, contributing to revenue growth[7] Expenses and Investments - Increased investments in R&D, market expansion, and supply chain management led to higher sales, management, and R&D expenses[7] - The company recorded a significant increase in credit impairment losses and asset impairment losses compared to the previous year[7] Risk Disclosure - The company cautioned investors about potential risks related to the preliminary financial data, which is unaudited[9]