Chutian Smart Communication's net profit for 2024 is 789 million yuan, a year-on-year decrease of 16.22%
Chutian Smart Communication released its 2024 annual performance report, with total operating revenue of 4.391 billion yuan, a year-on-year increase of 37.39%; the net profit attributable to shareholders of the listed company was 789 million yuan, a year-on-year decrease of 16.22%. The increase in operating revenue was mainly due to the expansion and reconstruction project of the Han-Yi Expressway and the increase in refined oil sales, while the decrease in net profit was due to the recovery of accounts receivable and the reversal of bad debt provisions by subsidiaries in 2023
According to the Zhitong Finance APP, Chutian Smart Communication (600035.SH) disclosed its performance report for the year 2024. In 2024, the company achieved a total operating revenue of 4.391 billion yuan, an increase of 37.39% compared to the same period last year; the net profit attributable to shareholders of the listed company was 789 million yuan, a decrease of 16.22% compared to the same period last year.
The 37.39% increase in operating revenue in 2024 was mainly due to the new construction service revenue from the Han-Yi Expressway expansion project and the increase in revenue from refined oil sales compared to 2023. The 16.22% decrease in net profit attributable to shareholders of the listed company in 2024 was mainly due to the recovery of accounts receivable from previous years by the subsidiary Shenzhen Sanmu Intelligent Technology Co., Ltd. in 2023, which reversed bad debt provisions
