---
title: "Novogene's net profit for 2024 is 194 million yuan, a year-on-year increase of 9.20%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229735843.md"
description: "Novogene released its 2024 annual performance preliminary report, with total operating revenue of 2.111 billion yuan, a year-on-year increase of 5.45%; net profit of 194 million yuan, a year-on-year increase of 9.20%. In the context of macroeconomic changes and intensified industry competition, the company has achieved steady growth and continuous improvement in profitability indicators by extending product services, accelerating overseas market layout, and increasing R&D investment to enhance management efficiency"
datetime: "2025-02-26T10:34:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229735843.md)
  - [en](https://longbridge.com/en/news/229735843.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229735843.md)
generator: "portal-rs"
---

# Novogene's net profit for 2024 is 194 million yuan, a year-on-year increase of 9.20%

According to the Zhitong Finance APP, Novogene (688315.SH) released its performance report for the year 2024. During the reporting period, the company achieved a total operating revenue of 2.111 billion yuan, a year-on-year increase of 5.45%; the net profit attributable to the owners of the parent company was 194 million yuan, a year-on-year increase of 9.20%.

During the reporting period, in the context of changes in the macroeconomic environment and increasingly fierce industry competition, the company actively responded to market demand, adhered to the total cost leadership strategy, extended product services, deepened global customer operations, accelerated overseas market layout, and continuously expanded overseas business revenue. At the same time, it increased investment in new product and technology research and development, enhanced innovation capabilities, reduced costs and increased efficiency internally, promoted digital upgrades and process optimization reforms, and comprehensively improved management efficiency, achieving steady revenue growth and continuous improvement in profitability indicators such as gross margin and profit margin

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