Xi'an Manareco's net profit for 2024 is 250 million yuan, a year-on-year increase of 86.53%
I'm LongbridgeAI, I can summarize articles.Xi'an Manareco released its 2024 annual performance report, with operating revenue of 1.458 billion yuan, a year-on-year increase of 20.64%; net profit of 250 million yuan, a year-on-year increase of 86.53%. Benefiting from the recovery in demand for consumer electronics, revenue from OLED display materials saw significant growth, and sales revenue in the pharmaceutical sector also improved. The company has significantly enhanced its profitability by improving management efficiency and reducing production costs
According to the Zhitong Finance APP, Xi'an Manareco (688550.SH) released its performance report for the year 2024. During the reporting period, the company achieved operating revenue of 1.458 billion yuan, a year-on-year increase of 20.64%; the net profit attributable to the parent company's owners was 250 million yuan, a year-on-year increase of 86.53%.
In 2024, the demand for end consumer electronics is rebounding, with significant year-on-year growth in revenue from the company's display materials segment, especially OLED display materials; the main products in the pharmaceutical segment are gradually ramping up, leading to a year-on-year increase in sales revenue. This year, the company is committed to improving operational management efficiency, continuously deepening cost reduction and efficiency enhancement, and building a more complete management system through process optimization, resource conservation, and process improvement, strengthening the collaboration among research, production, supply, and sales, and continuously reducing production costs, significantly enhancing profitability