---
title: "HCPECT released its 2024 annual performance, with a net profit attributable to the parent company of 42.5997 million yuan, a decrease of 69.24%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/236431347.md"
description: "HCPECT released its 2024 annual report, with operating revenue of 1.149 billion yuan, a year-on-year increase of 7.33%. The net profit attributable to the parent company was 42.5997 million yuan, a year-on-year decrease of 69.24%. The net profit after deducting non-recurring gains and losses was 29.9254 million yuan, a year-on-year decrease of 78.55%. The basic earnings per share were 0.32 yuan, and it plans to distribute a cash dividend of 1 yuan for every 10 shares to shareholders. Despite the increase in catalyst sales and revenue, the profit margin was compressed due to intense industry competition and rising costs, resulting in a significant decline in net profit"
datetime: "2025-04-17T12:55:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/236431347.md)
  - [en](https://longbridge.com/en/news/236431347.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/236431347.md)
generator: "portal-rs"
---

# HCPECT released its 2024 annual performance, with a net profit attributable to the parent company of 42.5997 million yuan, a decrease of 69.24%

According to the Zhitong Finance APP, HCPECT (300779.SZ) released its annual report for 2024, showing an operating income of 1.149 billion yuan, a year-on-year increase of 7.33%. The net profit attributable to shareholders of the listed company was 42.5997 million yuan, a year-on-year decrease of 69.24%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 29.9254 million yuan, a year-on-year decrease of 78.55%. The basic earnings per share were 0.32 yuan. In addition, it plans to distribute a cash dividend of 1 yuan (including tax) for every 10 shares to all shareholders.

During the reporting period, the company actively expanded its market, resulting in increased sales and revenue of catalysts. However, due to intense competition in the catalyst industry, the sales price of catalysts and the disposal price of waste catalysts continued to decrease year-on-year, compressing profit margins. At the same time, as new projects gradually commenced operations, depreciation expenses, labor costs, and other production operating expenses increased year-on-year, leading to a decline in project profit levels. Furthermore, the company continuously explored new projects, resulting in increased personnel costs, management expenses, and financial costs for project reserves, while project benefits have yet to be realized, causing an overall rise in costs and expenses, and a significant decline in net profit compared to the same period last year

### Related Stocks

- [300779.CN](https://longbridge.com/en/quote/300779.CN.md)

## Related News & Research

- [CIMC seeks RMB 15 billion multi-type debt financing instrument registration for bond market issuance](https://longbridge.com/en/news/297324055.md)
- [Oil Refineries (TASE:ORL) Earnings Turnaround Puts Its Cheap Looking Valuation In Focus](https://longbridge.com/en/news/297122714.md)
- [T1 Energy files resale prospectus for 32.26M shares tied to convertible notes](https://longbridge.com/en/news/297371010.md)
- [REG - CQS New City HighYld - Issue of Equity](https://longbridge.com/en/news/297349435.md)
- [Bank of Qingdao (SEHK:3866) Following Its Bond Issue And Board Refresh Looks Cheap On P E](https://longbridge.com/en/news/296845904.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**