Bangyan Technology (SH:688132)2025-02-21 10:40Financial Performance - Total operating revenue for 2024 reached RMB 356.97 million, a year-on-year increase of 97.56%[4] - Operating profit was RMB -37.29 million, a reduction in loss of 53.99% compared to the previous year[4] - Net profit attributable to shareholders of the parent company was RMB -37.94 million, a reduction in loss of 27.38% year-on-year[4] - Basic earnings per share were RMB -0.25, an improvement of 26.47% compared to the previous year[4] Assets and Equity - Total assets at the end of the reporting period were RMB 1,714.23 million, a decrease of 9.46% from the beginning of the period[6] - Shareholders' equity attributable to the parent company was RMB 1,458.07 million, down 4.73% from the beginning of the period[6] Revenue Drivers - The increase in operating revenue was primarily driven by the steady progress of the ship communication sector according to customer delivery plans[6] Cost Management - The company implemented cost control measures, resulting in a decrease in period expenses compared to the previous year[7] Impairments and Subsidies - Credit impairment losses increased due to aging accounts receivable, despite the growth in operating revenue[8] - Government subsidies related to profits and losses decreased compared to the previous year, impacting overall financial performance[8]