---
title: "SHAREATE's net profit for the year 2024 is 179 million yuan, a year-on-year increase of 10.1%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229390364.md"
description: "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"
datetime: "2025-02-24T09:26:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229390364.md)
  - [en](https://longbridge.com/en/news/229390364.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229390364.md)
generator: "portal-rs"
---

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

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

### Related Stocks

- [688257.CN](https://longbridge.com/en/quote/688257.CN.md)

## Related News & Research

- [CXMT Corp’s sales jump 10-fold amid AI demand](https://longbridge.com/en/news/297350678.md)
- [PetroChina Company: Net profit surged 22% year-over-year, with record dividends and strong green energy growth](https://longbridge.com/en/news/297478510.md)
- [CXMT starts LPDDR6 mass production for Xiaomi’s upcoming 18 Fold](https://longbridge.com/en/news/297471566.md)
- [PetroChina Company: Profit up 22% on higher revenue and new energy growth; interim dividend declared](https://longbridge.com/en/news/297423127.md)
- [09:01 ETOpalescence™ Teeth Whitening launches Opalescence™ Go™ Advanced Prefilled Whitening Trays](https://longbridge.com/en/news/297521365.md)

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