SCMC(SH:600984)2025-02-25 10:05Financial Performance - Total revenue for 2024 was CNY 273,751.31 million, a decrease of 15.19% compared to the previous year[3] - Operating profit was CNY -111,435.02 million, down 47.25% year-on-year[3] - Net profit attributable to shareholders was CNY -98,585.51 million, a decline of 32.37% from the previous year[3] - Basic earnings per share were CNY -0.7843, a decrease of 32.37% year-on-year[3] Assets and Equity - Total assets at the end of the reporting period were CNY 1,722,868.25 million, a decrease of 1.96% from the beginning of the period[3] - Shareholders' equity attributable to the parent company was CNY 427,918.95 million, down 18.69% from the beginning of the period[3] Industry Challenges - The decline in performance was primarily due to reduced demand in the tower crane rental industry and intensified competition leading to lower rental prices[5] - The company experienced significant asset impairment related to goodwill in its construction machinery rental business[5] - The overall equipment utilization rate in the tower crane rental industry remained low due to delays in project commencement[5] Investor Advisory - Investors are advised to be cautious as the financial data is preliminary and unaudited, with final figures to be disclosed in the annual report[6]