泰坦科技(688133) - 2024 Q4 - 年度业绩

Financial Performance - Total operating revenue for 2024 reached RMB 2,883,833,486.70, an increase of 4.12% compared to the previous year[4] - Net profit attributable to shareholders of the parent company was RMB 12,929,813.44, a decrease of 82.18% year-on-year[4] - Net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, was RMB 5,811,158.05, down 88.69% from the previous year[4] - Basic earnings per share decreased by 87.10% to RMB 0.08[4] - Operating profit fell by 84.18% year-on-year, while total profit decreased by 90.29%[8] Asset and Capital Changes - Total assets increased by 10.40% to RMB 4,844,713,066.91 compared to the beginning of the period[4] - The company's share capital increased by 39.39% due to the completion of a stock conversion in the 2023 profit distribution[10] Market and Competitive Environment - The company's gross profit margin declined due to competitive pricing strategies, impacting net profit significantly[7] - The company faced challenges from a lack of downstream demand and intensified industry competition, affecting overall performance[6] Cost and Expense Management - Management expenses and financial costs increased significantly, contributing to the decline in profitability[8]