Core Viewpoint - Jiangte Electric's 2024 annual report shows a significant decline in revenue while net profit improved, indicating potential operational challenges despite cost reductions [1][2]. Financial Performance - The company's operating revenue for 2024 was 2.103 billion yuan, a decrease of 24.86% compared to 2023 [1]. - The net profit attributable to shareholders was -319.19 million yuan, an increase of 19.58% year-on-year [1]. - The net profit excluding non-recurring gains and losses was -547.91 million yuan, down 9.35% from the previous year [1]. - The basic earnings per share were -0.19 yuan, showing a 17.39% improvement from -0.23 yuan in 2023 [1]. Profitability Metrics - The gross margin for 2024 was -0.59%, a decline of 4.45% year-on-year [2]. - The net profit margin was -16.01%, down 1.97% from the previous year [2]. Expense Management - Total operating expenses for 2024 were 400 million yuan, a decrease of 13.54 million yuan compared to the previous year [2]. - The expense ratio increased to 19.04%, up 4.25% year-on-year [2]. - Sales expenses decreased by 31.81%, while management expenses increased by 9.63% [2]. Workforce Changes - The total number of employees at the company decreased to 2,938, down 12.38% from 3,353 at the end of the previous year [3]. Executive Compensation - Total compensation for directors, supervisors, and senior management in 2024 was 6.8921 million yuan, with Chairman Hu Chunhui receiving the highest salary of 1.1549 million yuan, a 15.49% increase from 1 million yuan in the previous year [6].
江特电机2024年增利不增收,47岁董事长胡春晖年薪115万元