Xingqiu Graphite(SH:688633)2025-02-27 09:25Financial Performance - Total revenue for 2024 was CNY 635.58 million, a decrease of 17.54% compared to the previous year[5] - Net profit attributable to shareholders was CNY 152.74 million, an increase of 3.42% year-on-year[5] - Basic earnings per share decreased by 28.65% to CNY 1.22[5] - The net profit excluding non-recurring gains and losses was CNY 133.87 million, up 4.84% from the previous year[5] - The weighted average return on equity decreased to 9.70% from 10.26%[5] Assets and Equity - The company's total assets increased by 3.23% to CNY 2,947.08 million at the end of the reporting period[7] - Shareholders' equity attributable to the parent company rose by 5.48% to CNY 1,607.77 million[6] - The company implemented a capital increase by converting capital reserves, resulting in a 38.84% increase in share capital to CNY 145.01 million[10] Market Conditions - The decline in sales revenue was attributed to weak demand in downstream markets such as polysilicon and organic silicon[8] - The gross profit margin improved due to a decrease in raw material prices and cost reduction measures[8]