SEWPG(SH:688660)2025-02-27 08:20Financial Performance - The total operating revenue for 2024 was CNY 1,044,902.05 million, an increase of 3.31% compared to the previous year[3] - The net profit attributable to the parent company was a loss of CNY 78,745.07 million, which is a reduction in loss of CNY 48,381.94 million year-on-year[7] - The net profit attributable to the parent company, excluding non-recurring gains and losses, was a loss of CNY 81,385.07 million, showing a reduction in loss of CNY 59,781.37 million year-on-year[6] - The basic earnings per share improved to a loss of CNY 0.59, a reduction in loss of CNY 0.36 compared to the previous year[9] Assets and Equity - The total assets at the end of the reporting period were CNY 2,920,500.87 million, reflecting a 12.95% increase from the beginning of the year[7] - The equity attributable to the parent company decreased by 12.90% to CNY 510,852.98 million[3] - The average return on equity increased to -14.34%, up by 5.20 percentage points from -19.55% in the previous year[3] Operational Challenges - The company faced challenges due to declining bidding prices for wind turbines, which affected profitability despite cost control measures[8] - The company implemented cost reduction strategies through product large-scale promotion and supply chain optimization, leading to improved gross margins on sales orders[7] Financial Data Caution - The company cautioned investors about the preliminary nature of the financial data, which has not been audited[11]