Loongson Technology(688047)2025-02-26 14:55Financial Performance - Total revenue for 2024 reached RMB 506.89 million, a slight increase of 0.24% compared to the previous year[6] - Net profit attributable to the parent company was RMB -623.76 million, a decrease of RMB 294.32 million year-on-year[6] - Basic earnings per share were RMB -1.56, compared to RMB -0.82 in the previous year[4] Assets and Equity - Total assets at the end of the reporting period were RMB 3,509.41 million, down 14.66% from the beginning of the period[6] - Equity attributable to the parent company decreased by 17.21% to RMB 2,938.18 million[6] Revenue Composition - The company's gross margin was impacted by a significant decline in revenue from industrial control chips, while revenue from information technology chips increased substantially[6][7] - The company actively reduced revenue from solution-based businesses, leading to a significant decline in that segment[6] Impairment and Losses - The company reported an increase in credit impairment losses and asset impairment losses, expected to exceed RMB 200 million[7] Overall Trends - The overall performance indicates a stabilization trend despite challenges in traditional markets[6] - The financial data presented is preliminary and subject to final audit in the annual report[5]