S-KING(SH:688328)2025-02-27 11:00Financial Performance - Total revenue for 2024 was CNY 51,039.66 million, a decrease of 8.58% compared to the previous year[3] - Operating profit for 2024 was CNY -9,072.54 million, an improvement of 27.73% from the previous year's loss[3] - Net profit attributable to shareholders for 2024 was CNY -10,798.66 million, a reduction in loss of 6.65% year-over-year[3] - Basic earnings per share for 2024 were CNY -1.14, reflecting a 20.28% improvement from the previous year[3] Assets and Equity - Total assets at the end of the reporting period were CNY 159,512.59 million, down 3.64% from the beginning of the period[4] - Shareholders' equity attributable to the parent company decreased by 8.35% to CNY 80,819.54 million[4] Revenue Drivers - The decline in revenue was attributed to a slow recovery in the 3C industry and delayed acceptance by downstream customers[5] - The semiconductor equipment business saw revenue growth, partially offsetting the decline in flat panel display equipment revenue[5] Impairment and Risks - The company made provisions for impairment on accounts receivable, inventory, goodwill, and debts of loss-making subsidiaries, impacting net profit[6] - Investors are advised to note that the financial data is preliminary and subject to audit, emphasizing the importance of investment risk awareness[7]