Financial Performance - In 2024, the company achieved total operating revenue of RMB 443.35 million, a decrease of 17.81% compared to the previous year[4]. - The net profit attributable to the parent company was a loss of RMB 55.74 million, a reduction in loss of RMB 114.05 million year-on-year, representing a 67.17% improvement[4][7]. - The basic earnings per share improved to -RMB 0.76, a 67.10% increase compared to -RMB 2.31 in the previous year[4]. - The weighted average return on net assets increased by 11.93 percentage points to -7.27%[4]. Assets and Equity - The total assets at the end of 2024 were RMB 1,042.75 million, down 13.20% from the beginning of the year[6]. - The equity attributable to the parent company was RMB 739.07 million, a decrease of 6.91% year-on-year[6]. - The net asset per share attributable to the parent company was RMB 10.07, down 6.93% year-on-year[5]. Market Conditions - The company noted that the overall market demand was relatively weak, impacting business development and revenue recognition[6]. Non-Recurring Gains and Losses - The company reported a significant increase in non-recurring gains and losses, primarily due to the reversal of provisions for potential litigation losses and the transfer of 70% equity in a subsidiary, resulting in increased investment income[6][7]. Financial Data Disclaimer - The company emphasizes the preliminary nature of the financial data, which is subject to audit and final confirmation in the annual report[9].
*ST慧辰(688500) - 2024 Q4 - 年度业绩