利元亨(688499) - 2024 Q4 - 年度业绩

Financial Performance - The total revenue for 2024 was CNY 275,599.35 million, a decrease of 44.82% compared to the previous year[4] - The operating profit for 2024 was CNY -111,429.83 million, and the total profit was CNY -112,490.76 million, both showing significant declines[6] - The net profit attributable to the parent company was CNY -100,600.98 million, with a basic earnings per share of CNY -7.66, indicating a substantial loss[4] Asset and Equity Changes - Total assets at the end of 2024 were CNY 868,916.74 million, down 12.69% from the beginning of the year[6] - The equity attributable to the parent company decreased by 4.88% to CNY 230,779.47 million, while the net asset per share dropped by 30.28% to CNY 13.68[4] - The weighted average return on net assets decreased by 44.60 percentage points to -52.09%[4] Market and Operational Challenges - The decline in revenue and gross margin was attributed to market competition and overcapacity in the lithium battery equipment sector[7] - High operating expenses and increased financial costs were noted, with significant interest expenses due to bank loans[8] - The company faced increased impairment losses on assets and credit losses due to prolonged collection periods and tighter cash flows from clients[10] Capital Structure - The share capital increased by 36.48% due to the early redemption of convertible bonds, while the net asset per share decreased due to losses[11]