---
title: "In 2024, ELECSPN's net profit attributable to the parent company was 64.1973 million yuan, a year-on-year decrease of 26.37%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/230058727.md"
description: "ELECSPN released its 2024 annual performance preliminary report, with operating revenue of 964 million yuan, a year-on-year decrease of 13.04%; net profit attributable to shareholders of the parent company was 64.1973 million yuan, a year-on-year decrease of 26.37%; net profit after deducting non-recurring gains and losses was 60.9703 million yuan, a year-on-year decrease of 27.84%. Basic earnings per share were 0.1511 yuan. During the reporting period, the decline in product delivery and intensified market competition led to a decrease in net profit"
datetime: "2025-02-28T09:07:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/230058727.md)
  - [en](https://longbridge.com/en/news/230058727.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/230058727.md)
---

# In 2024, ELECSPN's net profit attributable to the parent company was 64.1973 million yuan, a year-on-year decrease of 26.37%

According to the Zhitong Finance APP, Tian'ao Electronics (002935.SZ) disclosed its performance report for the year 2024. The company achieved an operating income of 964 million yuan, a year-on-year decrease of 13.04%; the net profit attributable to shareholders of the listed company was 64.1973 million yuan, a year-on-year decrease of 26.37%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 60.9703 million yuan, a year-on-year decrease of 27.84%. The basic earnings per share were 0.1511 yuan.

During the reporting period, the company's product deliveries decreased compared to the same period last year, leading to a year-on-year decline in operating income; some business areas faced significant market competition pressure, resulting in a decrease in product gross profit margin compared to the same period last year, which led to a decline in net profit

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