---
title: "Hi-Tech Development's net profit attributable to the parent company for the year 2024 is 59.4767 million yuan, a year-on-year decrease of 83.75%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/230961086.md"
description: "Hi-Tech Development released its 2024 annual performance preliminary report, with operating revenue of 7.133 billion yuan, a year-on-year decrease of 10.93%; net profit attributable to the parent company of 59.4767 million yuan, a year-on-year decrease of 83.75%; net profit excluding non-recurring gains and losses of 14.0586 million yuan, a year-on-year decrease of 93.03%. Basic earnings per share were 0.169 yuan. During the reporting period, the production capacity of some power semiconductor production lines was not fully utilized, and fixed costs had a significant impact on profits and losses"
datetime: "2025-03-07T09:15:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/230961086.md)
  - [en](https://longbridge.com/en/news/230961086.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/230961086.md)
---

# Hi-Tech Development's net profit attributable to the parent company for the year 2024 is 59.4767 million yuan, a year-on-year decrease of 83.75%

According to the Zhitong Finance APP, Hi-Tech Development (000628.SZ) disclosed its performance report for the year 2024. The company achieved an operating income of 7.133 billion yuan, a year-on-year decrease of 10.93%; the net profit attributable to shareholders of the listed company was 59.4767 million yuan, a year-on-year decrease of 83.75%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 14.0586 million yuan, a year-on-year decrease of 93.03%. The basic earnings per share were 0.169 yuan.

During the reporting period, the production capacity of some power semiconductor production lines was not fully utilized, and fixed costs such as depreciation of factories and production lines had a significant impact on the current profit and loss

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