润农节水(830964) - 2024 Q4 - 年度业绩

Financial Performance - The company achieved operating revenue of 960,476,342.86 CNY, representing a year-on-year increase of 28.14%[4] - Net profit attributable to shareholders decreased to 9,213,580.95 CNY, down 72.32% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 5,132,198.42 CNY, a decline of 82.91% year-on-year[4] - Basic earnings per share fell to 0.04 CNY, a decrease of 69.23% from the previous year[4] - Total assets at the end of the reporting period were 1,409,672,320.75 CNY, an increase of 22.81% year-on-year[4] - Shareholders' equity attributable to the company was 893,096,332.99 CNY, a slight decrease of 0.43% compared to the beginning of the period[4] Challenges and Risks - The decline in net profit was primarily due to slow payment collection on older projects, increased impairment provisions, and rising financial costs from increased bank borrowings[5] - The company experienced increased competition leading to a decline in overall industry gross margins[5] - The financial data presented is preliminary and has not been audited, cautioning investors to be aware of investment risks[6] Growth Drivers - The growth in operating revenue was driven by an increase in the number and value of water-saving engineering projects won[5]