KE Electric released its 2024 annual performance, with a net profit of 178 million yuan, a decrease of 40.54%
I'm LongbridgeAI, I can summarize articles.KE Electric released its 2024 annual report, with operating revenue of 4.099 billion yuan, a year-on-year increase of 4.98%. Net profit was 178 million yuan, a year-on-year decrease of 40.54%. The net profit after deducting non-recurring gains and losses was 142 million yuan, a decrease of 40.17%. The basic earnings per share were 0.65 yuan. The company plans to distribute a cash dividend of 2 yuan for every 10 shares and to issue 4.8 additional shares. The decline in net profit was mainly due to intensified market competition, a decrease in gross profit margin, and increased expenses, with net operating cash flow decreasing by 76.40%
According to the Zhitong Finance APP, KE Electric (603050.SH) released its annual report for 2024, reporting an operating income of 4.099 billion yuan, a year-on-year increase of 4.98%. The net profit attributable to shareholders of the listed company was 178 million yuan, a year-on-year decrease of 40.54%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 142 million yuan, a year-on-year decrease of 40.17%. The basic earnings per share were 0.65 yuan. In addition, it plans to distribute a cash dividend of 2 yuan (including tax) for every 10 shares to all shareholders, and to convert 4.8 shares for every 10 shares.
During the reporting period, the company's operating income continued to grow, reaching a record high. The net profit attributable to shareholders of the listed company decreased by 40.54%, mainly due to intensified external market competition, a decline in gross profit margin, and an increase in period expenses and provisions for asset impairment; the net cash flow from operating activities decreased by 76.40%, mainly due to intensified market competition, relatively rigid procurement payments, and collection progress not meeting expectations