HYC(SH:688001)2025-02-27 09:55Financial Performance - The total operating revenue for 2024 was CNY 1.82 billion, a decrease of 2.20% compared to the previous year[5] - The net profit attributable to shareholders of the parent company was CNY -487.44 million, a decline of 303.38% year-on-year[5] - The basic earnings per share were CNY -1.10, reflecting a decrease of 303.70% compared to the previous year[5] - The total assets at the end of the reporting period were CNY 5.26 billion, down 5.58% from the beginning of the period[6] - The equity attributable to shareholders of the parent company decreased to CNY 3.43 billion, a drop of 12.76% year-on-year[6] - The financial data presented are preliminary and unaudited, with final figures to be disclosed in the 2024 annual report[3] Market Challenges - The company faced challenges due to a sluggish macroeconomic recovery and increased competition in the consumer electronics sector[9] - The company’s subsidiary, Suzhou Huaxing Oulitong Automation Technology Co., experienced a decline in product prices and rising costs, impacting overall profitability[9] Strategic Initiatives - The company is actively seeking new customers and optimizing product structure to counteract adverse market conditions[10] - The company reported an increase in operating costs due to higher personnel and raw material expenses, as well as depreciation from new investments[10]