R&T's net profit for 2024 is 188 million yuan, a year-on-year decline of 13.81%

R&T released its 2024 annual performance preliminary report, with total operating revenue of 2.364 billion yuan, a year-on-year increase of 8.23%; the net profit attributable to shareholders of the listed company was 188 million yuan, a year-on-year decrease of 13.81%. The net profit after deducting non-recurring gains and losses was 172 million yuan, a year-on-year decrease of 13.83%. The company increased its investment in research and development and sales expenses to enhance the market competitive advantage of smart toilets, which affected net profit

According to the Zhitong Finance APP, R&T (002790.SZ) disclosed its performance report for the year 2024, achieving total operating revenue of 2.364 billion yuan, a year-on-year increase of 8.23%; the net profit attributable to shareholders of the listed company was 188 million yuan, a year-on-year decline of 13.81%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 172 million yuan, a year-on-year decline of 13.83%. The basic earnings per share were 0.4508 yuan.

It is reported that in market expansion, to ensure the competitive advantage of smart toilet products and the increase in market share, the company has increased its investment in research and development expenses and sales expenses, which has had a certain impact on net profit