CRM(688396)2025-02-27 09:45Revenue and Profit - Total revenue for 2024 reached RMB 1,011.85 million, a 2.20% increase compared to RMB 990.06 million in the previous year[5] - Net profit attributable to shareholders of the parent company was RMB 775.83 million, a decrease of 47.55% from RMB 1,479.27 million year-on-year[5] - Basic earnings per share decreased to RMB 0.5866, down 47.65% from RMB 1.1206 in the previous year[5] Assets and Equity - Total assets at the end of the reporting period were RMB 2,912.46 million, a slight decrease of 0.31% from RMB 2,921.53 million at the beginning of the period[5] - Shareholders' equity attributable to the parent company increased by 3.53% to RMB 2,231.96 million from RMB 2,155.81 million at the beginning of the period[5] Challenges and Market Conditions - The decline in net profit and operating profit was primarily due to intensified product price competition and increased R&D investments[7] - The company continues to face challenges from industry destocking and capacity release effects, despite some recovery in downstream demand[7] Projects and Operations - Major projects, including packaging base projects and 12-inch production lines in Chongqing and Shenzhen, are currently in ramp-up and construction phases, impacting profit metrics[8] Financial Data - The financial data presented is preliminary and subject to change upon final audit in the annual report[10]