DOUBLESTAR(SZ:000599) Sou Hu Cai Jing·2025-07-07 13:45Core Viewpoint - Qingdao Double Star (SZ000599) reported an expanded loss for the year 2024, with significant declines in revenue and net profit compared to the previous year [1][2]. Financial Performance - The company's operating revenue for 2024 was 4.33 billion yuan, a decrease of 6.89% from 2023 [1]. - The net profit attributable to shareholders was -355.83 million yuan, representing a decline of 102.01% year-on-year [1]. - The net profit after deducting non-recurring gains and losses was -367.86 million yuan, down 31.48% from the previous year [1]. - Basic earnings per share were -0.44 yuan, compared to -0.22 yuan in 2023 [1]. Profitability Metrics - The gross profit margin for 2024 was 9.07%, an increase of 0.70 percentage points year-on-year [2]. - The net profit margin was -8.88%, a decrease of 3.83 percentage points compared to the previous year [2]. Expenses and Cost Management - Total operating expenses for 2024 were 750 million yuan, an increase of 22.74 million yuan from the previous year [2]. - The expense ratio was 17.30%, up 1.68 percentage points year-on-year [2]. - Sales expenses decreased by 5.97%, while management expenses increased by 39.59% [2]. Employee Statistics - The total number of employees at the end of 2024 was 5,161, an increase of 743 employees or 16.82% from the previous year [3][4]. Executive Compensation - Total compensation for directors, supervisors, and senior management in 2024 amounted to 7.24 million yuan, with the chairman not receiving any salary from the company [5][6]. Company Background - Qingdao Double Star was established on April 24, 1996, and is primarily engaged in the research, production, and sales of tire products [7].