Huate Gas(SH:688268)2025-02-25 08:10Financial Performance - In 2024, the company achieved total operating revenue of RMB 139,613.79 million, a decrease of 6.94% compared to the previous year[5] - The net profit attributable to shareholders of the parent company was RMB 18,123.00 million, an increase of 5.91% year-on-year[5] - The net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was RMB 16,837.76 million, up 4.86% year-on-year[5] - The basic earnings per share for the reporting period were RMB 1.52, an increase of 6.29% from the previous year[5] - The weighted average return on net assets decreased by 0.16 percentage points to 9.61%[5] Assets and Equity - The company's total assets at the end of the reporting period were RMB 328,990.42 million, reflecting a growth of 4.03% from the beginning of the period[7] - Shareholders' equity attributable to the parent company increased by 6.60% to RMB 194,528.55 million compared to the beginning of the period[7] Market Challenges and Strategies - The company faced challenges due to rising raw material prices and intensified market competition, prompting adjustments in sales strategies and a shift towards overseas sales models[8] - Despite a decline in revenue, the company successfully optimized its gross profit level and enhanced cost competitiveness through various measures, including production line upgrades and technical renovations[8] Audit and Investment Risks - The company has indicated that the financial data presented is preliminary and subject to final audit, urging investors to be aware of investment risks[10]