Zhejiang He Chuan Technology (SH:688320)2025-02-27 09:05Financial Performance - Total revenue for 2024 was RMB 81,513.83 million, a decrease of 26.99% compared to the previous year[4] - Net profit attributable to the parent company was a loss of RMB 15,723.07 million, compared to a profit of RMB 5,355.53 million in the previous year[4] - The basic earnings per share were -1.05 yuan, compared to 0.35 yuan in the previous year[4] - The weighted average return on net assets was -10.84%, a decrease of 14.29 percentage points[9] Assets and Equity - The company's total assets at the end of the reporting period were RMB 198,064.67 million, down 8.15% from the beginning of the period[6] - The equity attributable to the parent company decreased by 15.54% to RMB 132,497.20 million[4] Revenue Decline Factors - The decline in revenue was primarily due to decreased sales in the photovoltaic industry due to capacity saturation[7] - Increased period expenses were attributed to investments in new projects and market expansion efforts[7] - Asset impairment increased due to slower consumption of previously procured electronic materials[7] Audit and Confirmation - The financial data presented is preliminary and subject to final audit confirmation[10]