DEVELOP(SH:688377)2025-02-27 07:50Financial Performance - Total revenue for 2024 was RMB 112,766.03 million, a decrease of 6.81% compared to the previous year[4] - Net profit attributable to shareholders was RMB 9,291.91 million, down 34.76% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 8,938.55 million, a decline of 34.78%[4] - Basic earnings per share decreased to RMB 0.48, down 35.14% from RMB 0.74 in the previous year[4] - Operating profit and total profit decreased by 36.03% and 36.11% respectively, mainly due to reduced revenue and increased costs[8] Assets and Equity - Total assets at the end of the reporting period were RMB 292,805.71 million, an increase of 15.96% year-on-year[5] - Shareholders' equity attributable to the parent company grew by 3.28% to RMB 179,964.08 million[5] Market Conditions - The decline in revenue and profit was primarily due to a slowdown in global economic growth and intense price competition in low-end product orders[7] - The company is experiencing a slight decline in orders for high-value deep-sea equipment components, impacting overall profitability[7] Risk Management - The company emphasizes the importance of monitoring investment risks as the financial data is preliminary and unaudited[9]