SHAREATE's net profit for the year 2024 is 179 million yuan, a year-on-year increase of 10.1%

SHAREATE released its 2024 annual performance preliminary report, with operating revenue of 1.862 billion yuan, a year-on-year increase of 20.17%; net profit attributable to the parent company's owners was 179 million yuan, a year-on-year increase of 10.1%; net profit excluding non-recurring gains and losses was 156 million yuan, a year-on-year increase of 13.28%; basic earnings per share were 1.0051 yuan. The company's income from hard alloy cutting tools has grown rapidly

According to the Zhitong Finance APP, SHAREATE (688257.SH) disclosed its performance report for the year 2024, with operating revenue reaching 1.862 billion yuan, a year-on-year increase of 20.17%; net profit attributable to the parent company's owners was 179 million yuan, a year-on-year increase of 10.10%; net profit attributable to the parent company's owners after deducting non-recurring gains and losses was 156 million yuan, a year-on-year increase of 13.28%; basic earnings per share were 1.0051 yuan.

In 2024, the company's revenue from hard alloy cutting tools experienced rapid growth, with operating revenue increasing by 20.17% year-on-year