---
title: "Sinophorus released its 2024 annual performance, with a net profit attributable to the parent company of 159 million yuan, a year-on-year increase of 28.61%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/233895310.md"
description: "Sinophorus released its 2024 annual report, with revenue of 1.137 billion yuan, a year-on-year increase of 29.44%; net profit attributable to shareholders of 159 million yuan, a year-on-year increase of 28.61%; and net profit excluding non-recurring items of 157 million yuan, a year-on-year increase of 51.24%. The company plans to distribute a cash dividend of 2 yuan for every 10 shares. The growth in performance is mainly attributed to increased product sales, new product development, and support from VAT policy"
datetime: "2025-03-31T13:24:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/233895310.md)
  - [en](https://longbridge.com/en/news/233895310.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/233895310.md)
---

# Sinophorus released its 2024 annual performance, with a net profit attributable to the parent company of 159 million yuan, a year-on-year increase of 28.61%

According to the Zhitong Finance APP, Sinophorus (688545.SH) disclosed its 2024 annual report. During the reporting period, the company achieved revenue of 1.137 billion yuan, a year-on-year increase of 29.44%; net profit attributable to the parent company was 159 million yuan, a year-on-year increase of 28.61%; net profit excluding non-recurring gains and losses was 157 million yuan, a year-on-year increase of 51.24%; basic earnings per share were 0.61 yuan. The company plans to distribute a cash dividend of 2 yuan (including tax) for every 10 shares to all shareholders.

During the reporting period, the net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, and the basic earnings per share after excluding non-recurring gains and losses increased by 51.24% and 50.00% year-on-year, respectively. This was mainly due to the steady increase in the production and sales volume of the company's main products, positive progress in the development of new products and new customers, increased sales profits, and an increase in the amount enjoyed from the value-added tax deduction policy for integrated circuit enterprises

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