Infosec(SH:688201)2025-02-27 09:15Financial Performance - The company reported total revenue of 50,022.80 million CNY for 2024, a decrease of 8.92% compared to the previous year[4] - The net profit attributable to the parent company was -4,446.92 million CNY, representing a decline of 496.24% year-on-year[4] - The basic earnings per share decreased to -0.1409 CNY, down 491.39% from the previous year[4] - The weighted average return on net assets fell to -3.34%, a decrease of 5.29 percentage points[4] Assets and Equity - Total assets at the end of the reporting period were 151,225.74 million CNY, a reduction of 4.62% from the beginning of the year[5] - The equity attributable to the parent company decreased by 6.59% to 128,786.12 million CNY[5] Capital Management - The company implemented a capital reserve conversion plan, increasing the total share capital by 47.51%[7] Operational Strategy - Operating expenses decreased by 0.82% year-on-year due to cost-cutting measures[6] - The company strategically abandoned some low-margin projects to improve profitability amid a competitive market environment[6] - The decline in revenue was attributed to reduced budgets from some industry clients and delays in procurement and project delivery[6]