---
title: "Sprint's net profit for the year 2024 is 217 million yuan, a year-on-year increase of 170.92%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/228978469.md"
description: "Sprint released its 2024 performance preliminary report, with total operating revenue of 1.136 billion yuan, a year-on-year increase of 103.72%; net profit of 217 million yuan, a year-on-year increase of 170.92%. The company's financial indicators have all achieved significant growth, mainly benefiting from the recovery of market demand in the domestic semiconductor industry and the accelerated domestic substitution of key components, which improved capacity utilization, diluted fixed costs, and drove profit growth"
datetime: "2025-02-20T07:37:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/228978469.md)
  - [en](https://longbridge.com/en/news/228978469.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/228978469.md)
generator: "portal-rs"
---

# Sprint's net profit for the year 2024 is 217 million yuan, a year-on-year increase of 170.92%

According to the Zhitong Finance APP, Sprint (688605.SH) released its annual performance report for 2024. During the reporting period, the company achieved total operating revenue of 1.136 billion yuan, a year-on-year increase of 103.72%; the net profit attributable to the parent company's owners was 217 million yuan, a year-on-year increase of 170.92%.

During the reporting period, the company's total operating revenue, operating profit, total profit, net profit attributable to the parent company's owners, net profit attributable to the parent company's owners after deducting non-recurring gains and losses, and basic earnings per share increased by 103.72%, 177.03%, 178.11%, 170.92%, 172.29%, and 169.81% respectively compared to the same period last year. The main reason for this growth is the recovery in market demand in the domestic semiconductor industry and the accelerated domestic substitution of key components for semiconductor equipment, which led to an increase in the company's operating revenue, improved capacity utilization, and diluted fixed costs, driving profit growth

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**