Hubei Wanrun New Energy Technology (SH:688275)2025-02-27 10:05Financial Performance - Total revenue for 2024 was CNY 752,286.15 million, a decrease of 38.21% compared to the previous year[3] - Net profit attributable to the parent company was CNY -86,264.42 million, with a narrowed loss compared to CNY -150,362.98 million in the previous year[5] - Basic earnings per share were CNY -6.90, an improvement from CNY -11.93 in the previous year[3] Assets and Equity - Total assets at the end of 2024 were CNY 1,768,430.74 million, down 8.99% from the beginning of the year[6] - Equity attributable to the parent company decreased by 14.62% to CNY 562,286.26 million[6] Product Performance - Sales volume of the main product, lithium iron phosphate, increased by approximately 39.07% year-on-year despite a decline in sales price due to falling raw material costs[9] Operational Improvements - The company improved its inventory management, leading to a reduction in inventory impairment provisions[7] - The increase in production capacity utilization contributed to a decrease in asset impairment compared to the previous year[9] - The company is actively developing new products and expanding its sales market despite ongoing supply-demand imbalances in the lithium iron phosphate industry[7] Audit and Reporting - The financial data presented is preliminary and subject to final audit in the 2024 annual report[10]