Sinocat(688737)2025-02-27 08:20Revenue and Profit - In 2024, the total operating revenue was RMB 1,562,295,158.85, a year-on-year increase of 1.18%[3] - The net profit attributable to the parent company was -RMB 26,856,185.21, a decrease of 163.46% compared to the previous year[3] - Basic earnings per share decreased by 162.86% due to the substantial drop in net profit attributable to ordinary shareholders[7] Assets and Equity - Total assets at the end of 2024 reached RMB 2,876,575,898.68, reflecting an 8.68% year-on-year growth[3] - The equity attributable to the parent company decreased by 3.16% to RMB 1,825,254,155.22[3] Operating Expenses and Profitability - The company experienced a significant increase in operating expenses due to investments in new materials and new energy product development[6] - The gross profit margin declined slightly as the company reduced prices to meet customer demands, which exceeded the decrease in procurement costs[6] Market Conditions - The automotive industry faced a slowdown in growth, impacting the company's performance amid intensified competition[6] Financial Reporting - The financial data presented is preliminary and unaudited, with potential discrepancies in the final annual report[8] - The company implemented share cancellation, resulting in a total share capital of 119,564,509 shares[4]