UTIMES(SH:688638)2025-02-27 10:25Financial Performance - Total revenue for 2024 was CNY 506.22 million, a decrease of 54.75% compared to the previous year[4] - Net profit attributable to the parent company was CNY -125.25 million, a decline of 323.12% year-on-year[6] - Basic earnings per share decreased to CNY -2.24, down 236.38% from CNY 1.64 in the previous year[4] Assets and Equity - Total assets increased by 4.34% to CNY 2,143.51 million compared to the beginning of the period[6] - Shareholders' equity attributable to the parent company decreased by 13.02% to CNY 973.24 million, primarily due to the net loss during the reporting period[6] - The net asset value per share attributable to the parent company decreased by 37.86% to CNY 17.38[8] Impairment and Competition - The company experienced a significant increase in credit impairment losses and asset impairment losses compared to the previous year[6] - The company's gross profit margin decreased due to intensified competition in the lithium battery equipment industry[6] Capital Changes - The company's share capital increased by 40.00% due to a capital reserve conversion, resulting in a rise in the number of shares[8] Financial Reporting - The company warns investors that the financial data presented is preliminary and unaudited, with final figures to be disclosed in the annual report[9]