M&S ELECTRONICS(688311)2025-02-27 10:05Financial Performance - In 2024, the company achieved total operating revenue of RMB 151.29 million, a decrease of 54.34% compared to the previous year[6] - The operating profit for 2024 was RMB -317.88 million, a decline of RMB 255.23 million year-on-year[8] - The net profit attributable to shareholders of the listed company was RMB -267.73 million, down RMB 211.42 million from the previous year[8] - The company reported a basic earnings per share of RMB -1.68, compared to RMB -0.43 in the previous year[6] Assets and Equity - Total assets at the end of 2024 were RMB 2,343.36 million, a decrease of 15.26% from the beginning of the year[8] - The equity attributable to shareholders of the listed company was RMB 1,655.64 million, down 2.92% from the beginning of the year[8] - The company's net asset value per share decreased to RMB 9.81, a reduction of 7.63% from the beginning of the year[7] Impairment and Provisions - The company recognized an impairment loss of approximately RMB 79.11 million related to goodwill from the acquisition of Nanjing Yinghuo Taixun Information Technology Co., Ltd.[10] - The company experienced a significant increase in bad debt provisions due to poor collection of accounts receivable[10] Revenue Decline Factors - The decline in revenue was primarily due to project acceptance delays and procurement plan postponements from major military clients[9]