Zhejiang Power New Energy (SH:688184)2025-02-27 08:35Financial Performance - Total revenue for 2024 was RMB 103,708.10 million, a decrease of 11.48% compared to RMB 117,161.31 million in the previous year[3] - The net profit attributable to the parent company was RMB -109,714.76 million, down 1,026.78% from RMB -9,737.00 million year-on-year[3] - Basic earnings per share were RMB -6.91, a decline of 1,051.67% from RMB -0.60 in the previous year[3] - The weighted average return on net assets dropped to -49.36%, a decrease of 46.17 percentage points from -3.19%[3] - The net assets per share attributable to the parent company decreased by 45.00% to RMB 10.17 from RMB 18.49[9] Asset Management - The company's total assets decreased by 44.01% to RMB 228,047.48 million from RMB 407,290.03 million at the beginning of the period[9] Market and Competition - The gross profit margin declined due to market environment changes, intensified competition, and a decrease in raw material prices[5] Product Development - Sodium battery precursor product sales increased by over 300% year-on-year, highlighting significant growth in this segment[5] - The company has applied for 14 patents related to solid-state battery technology, focusing on improving ion conductivity and safety[6] - The company increased its R&D investment in new products and technologies to maintain its competitive edge[5]