---
title: "In 2024, SK's net profit reached 223 million yuan, an increase of 457.23% year-on-year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229880826.md"
description: "SK released its performance preliminary report for 2024, with total operating revenue of 2.456 billion yuan, a year-on-year increase of 0.30%; the net profit attributable to the owners of the parent company was 223 million yuan, a year-on-year increase of 457.23%. The main reasons include the company's promotion of \"cost reduction and efficiency improvement\" measures, an increase in revenue from overseas projects, and the recovery of previous accounts receivable that reversed impairment provisions"
datetime: "2025-02-27T09:04:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229880826.md)
  - [en](https://longbridge.com/en/news/229880826.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229880826.md)
generator: "portal-rs"
---

# In 2024, SK's net profit reached 223 million yuan, an increase of 457.23% year-on-year

According to the Zhitong Finance APP, SK (688155.SH) released its performance report for the year 2024. During the reporting period, the company achieved a total operating revenue of 2.456 billion yuan, an increase of 0.30% year-on-year; the net profit attributable to the owners of the parent company was 223 million yuan, an increase of 457.23% year-on-year. This was mainly due to the company's continuous promotion of "cost reduction and efficiency enhancement" measures, strengthening personnel management, and improving production efficiency, which led to an increase in the profit margin of its main business; secondly, the gross profit of overseas projects was relatively high, and the revenue recognized from overseas projects this year significantly increased compared to the same period last year, which improved the gross profit margin of the main business; furthermore, during this reporting period, a large amount of impairment provision was reversed due to the recovery of previous accounts receivable, which increased net profit

### Related Stocks

- [688155.CN](https://longbridge.com/en/quote/688155.CN.md)

## Related News & Research

- [Asia Naphtha/Gasoline-Naphtha prices rise mirroring crude gains](https://longbridge.com/en/news/298443702.md)
- [18:40 ETPeerTrust Launches Public Service to Evaluate Citation Integrity and Scientific Due Diligence Beyond Citation Counts](https://longbridge.com/en/news/298372384.md)
- [TAL: Production exceeds targets and new royalty terms improve future economics](https://longbridge.com/en/news/298178519.md)
- [Indonesian tycoon Haji Isam bids for stake in miner Bayan, Bloomberg News reports](https://longbridge.com/en/news/298410137.md)
- [Eiffage-led consortium wins civil works contract for Neomat CAM battery materials plant in Dunkirk area](https://longbridge.com/en/news/298482173.md)

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