Qingdao Gaoce(688556)2025-02-27 10:05Financial Performance - Total revenue for 2024 was CNY 4,474,236,759.85, a decrease of 27.65% compared to the previous year[4] - Net profit attributable to the parent company was CNY -48,314,984.27, a decline of 103.31% year-on-year[4] - Basic earnings per share dropped to CNY -0.09, down 103.25% from CNY 2.77 in the previous year[4] - The company’s weighted average return on net assets fell to -1.23%, a decrease of 47.39% year-on-year[4] - The company’s operating profit decreased by 104.26% and total profit decreased by 105.59% due to falling prices in the photovoltaic industry[9] Assets and Equity - Total assets at the end of the reporting period were CNY 7,746,952,614.39, a decrease of 20.78% from the beginning of the period[4] - The company's equity attributable to the parent company decreased by 9.50% to CNY 3,676,155,906.82[6] - The company’s share capital increased by 61.25% due to a stock dividend distribution plan implemented during the reporting period[10] Strategic Initiatives - The company plans to increase R&D investment to enhance cutting technology and improve product competitiveness[8] - The company achieved a significant increase in the shipment scale and market share of diamond wire and silicon wafer cutting services[8]