THXN(SZ:300390) Xin Lang Cai Jing·2025-04-25 08:50Core Insights - Tianhua New Energy (300390.SZ) reported a significant decline in both revenue and net profit for the year 2024, with total revenue at 6.608 billion yuan, down 36.87% year-on-year, and net profit attributable to shareholders at 848 million yuan, down 48.91% year-on-year [1][3] Financial Performance - Total revenue for 2024 was 6.608 billion yuan, a decrease of 3.859 billion yuan compared to the previous year [1] - Net profit attributable to shareholders was 848 million yuan, down 811 million yuan from the same period last year [1] - Operating cash flow showed a net inflow of 1.436 billion yuan, a decline of 2.736 billion yuan year-on-year, representing a 65.58% decrease [1] Key Financial Ratios - The latest debt-to-asset ratio stands at 20.13% [3] - Gross profit margin is reported at 22.57% [3] - Return on equity (ROE) is at 7.47%, down 6.41 percentage points from the previous year [3] - Diluted earnings per share (EPS) is 1.01 yuan, a decrease of 0.98 yuan or 49.25% year-on-year [3] - Total asset turnover ratio is 0.36 times, ranking 51st among disclosed peers, down 0.17 times year-on-year [3] - Inventory turnover ratio is 2.77 times, ranking 49th among disclosed peers, down 1.41 times year-on-year [3] Shareholder Structure - The number of shareholders is reported at 69,800, with the top ten shareholders holding 326 million shares, accounting for 39.19% of total equity [3] - The largest shareholder, Ning Zhenjiao, holds 23.69% of the shares [3] Research and Development - Total R&D investment amounted to 91.4456 million yuan, ranking 44th among disclosed peers [3] - R&D expenditure as a percentage of revenue is 1.38%, ranking 61st among disclosed peers [3]