RAYITEK released its 2024 annual performance, with a net loss attributable to the parent company of 57.2749 million yuan

RAYITEK released its 2024 annual report, with operating revenue of 339 million yuan, a year-on-year increase of 22.88%. The net loss attributable to shareholders was 57.2749 million yuan, and the net loss after deducting non-recurring gains and losses was 57.6282 million yuan, with a basic loss per share of 0.32 yuan. The increase in losses was mainly due to the slow improvement in production efficiency during the initial production phase of the Jiaxing project, incomplete capacity release, and intensified market competition leading to a decline in the prices of some products. Management expenses and financial expenses also increased due to higher depreciation and interest