BYT(BJ:836675)2025-02-28 09:15Financial Performance - The company achieved operating revenue of ¥613,440,384.60, an increase of 13.79% compared to the same period last year[3] - Net profit attributable to shareholders decreased by 23.85% to ¥52,284,221.30[3] - Basic earnings per share fell by 25.00% to ¥0.30[3] Assets and Equity - Total assets at the end of the reporting period were ¥927,491,505.10, a decrease of 0.26% from the beginning of the period[4] - Shareholders' equity attributable to the company increased by 4.06% to ¥606,222,323.67[4] Revenue Drivers - The increase in revenue was primarily due to a significant rise in sales volume of proppant products such as ceramic proppant and quartz sand[6] Challenges and Risks - The decline in net profit was attributed to increased competition leading to price pressure on proppant products, resulting in a decrease in overall gross margin[6] - The company conducted a comprehensive assessment of potential asset impairment risks, resulting in increased provisions for impairment[7] Research and Development - The company increased R&D investment to enhance production efficiency, which led to higher R&D expenses[7] Investor Advisory - Investors are advised to exercise caution as the financial data is preliminary and unaudited, with final figures to be disclosed in the annual report[8]