---
title: "CIGU TECHNOLOGY's net profit for the year 2024 is 51.2999 million yuan, a year-on-year increase of 6.73%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229539356.md"
description: "CIGU TECHNOLOGY released its 2024 annual performance report, with total operating revenue of 479 million yuan, a year-on-year increase of 15.76%; net profit of 51.2999 million yuan, a year-on-year increase of 6.73%. The company focuses on its main business, seizing opportunities from energy-saving and carbon-reduction policies, and promoting market expansion for new products such as magnetic levitation air compressors and vacuum pumps. Despite an increase in sales and R&D expenses, profit growth is lower than the revenue growth rate"
datetime: "2025-02-25T08:01:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229539356.md)
  - [en](https://longbridge.com/en/news/229539356.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229539356.md)
generator: "portal-rs"
---

# CIGU TECHNOLOGY's net profit for the year 2024 is 51.2999 million yuan, a year-on-year increase of 6.73%

According to the Zhitong Finance APP, CIGU TECHNOLOGY (688448.SH) released its performance report for the 2024 fiscal year. The total operating revenue for 2024 is 479 million yuan, a year-on-year increase of 15.76%; the net profit attributable to the parent company's owners is 51.2999 million yuan, a year-on-year increase of 6.73%; the net profit attributable to the parent company's owners after deducting non-recurring gains and losses is 42.7187 million yuan, a year-on-year increase of 11.76%; the basic earnings per share is 0.72 yuan.

During the reporting period, the company focused on the development of its main business, fully grasping the policy opportunities for energy conservation, carbon reduction, and equipment renewal. It adhered to deeply cultivating industry customer needs, continuously optimizing its business layout, and strengthening the market expansion of new products. New products such as magnetic levitation air compressors and magnetic levitation vacuum pumps achieved significant growth, driving the overall steady growth of the company's performance. During the reporting period, the company continued to increase its efforts in market promotion and R&D investment for new products, accelerating product iteration and upgrades. Related sales expenses and R&D expenses increased compared to last year. At the same time, due to the implementation of the 2023 restricted stock incentive plan, the share-based payment expenses amortized during this reporting period increased significantly compared to the same period last year. Therefore, the profit growth for 2024 is lower than the revenue growth rate

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