---
title: "HAOHAN DATA's net profit for 2024 is 35.99 million yuan, a year-on-year decrease of 42.79%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229730040.md"
description: "HAOHAN DATA released its 2024 annual performance report, with operating revenue of 437 million yuan, a year-on-year decrease of 16.05%; net profit of 35.99 million yuan, a year-on-year decrease of 42.79%; and basic earnings per share of 0.23 yuan. The decline in performance is mainly due to the delayed signing of China Mobile's centralized procurement orders and the postponement of the execution of certain framework contracts, leading to a delay in revenue recognition. In addition, the increase in inventory impairment and the decrease in value-added tax revenue also impacted performance"
datetime: "2025-02-26T09:57:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229730040.md)
  - [en](https://longbridge.com/en/news/229730040.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229730040.md)
generator: "portal-rs"
---

# HAOHAN DATA's net profit for 2024 is 35.99 million yuan, a year-on-year decrease of 42.79%

According to the Zhitong Finance APP, HAOHAN DATA (688292.SH) disclosed its performance report for the year 2024. The company achieved an operating income of 437 million yuan, a year-on-year decrease of 16.05%; the net profit attributable to shareholders of the listed company was 35.99 million yuan, a year-on-year decrease of 42.79%; basic earnings per share were 0.23 yuan.

During the reporting period, the decline in the company's operating income was due to the delayed signing of China Mobile's centralized procurement orders, which led to a corresponding delay in revenue recognition; some framework contracts were executed later than planned, resulting in a slowdown in raw material consumption. The inventory aging of pre-stocked goods increased, leading to a higher provision for inventory impairment compared to the same period last year; the reduction in signed orders affected the value-added tax income received during the reporting period, which decreased compared to the same period last year; last year, the company received approximately 9.61 million yuan in listing subsidies and relocation subsidies, which did not occur during this reporting period

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