振华新材(688707) - 2024 Q4 - 年度业绩

Financial Performance - Total revenue for 2024 was RMB 196,114.18 million, a decrease of 71.48% compared to RMB 687,573.75 million in the previous year[4] - Operating profit for 2024 was RMB -62,685.90 million, down 651.73% from RMB 11,361.76 million in the previous year[4] - Net profit attributable to shareholders of the parent company was RMB -52,772.61 million, a decline of 613.96% from RMB 10,267.82 million in the previous year[4] - Basic earnings per share for 2024 was RMB -1.05, compared to RMB 0.23 in the previous year, representing a decrease of 552.98%[4] Market Position - The company's market share in the single crystal material segment of lithium-ion battery ternary materials exceeded 50%[6] Asset and Equity Changes - Total assets decreased by 19.05% to RMB 779,181.13 million from RMB 962,558.63 million at the beginning of the period[4] - Shareholders' equity attributable to the parent company increased by 13.82% to RMB 441,840.22 million from RMB 388,186.97 million at the beginning of the period[4] Operational Challenges - The company faced significant losses due to lower product sales and increased costs, influenced by industry demand and product structure adjustments[6] - The average return on equity decreased by 14.06 percentage points to -11.47% from 2.59% in the previous year[4] Risk Management - The company emphasizes the importance of monitoring investment risks as the financial data is preliminary and unaudited[9]