Omat's net profit for the year 2024 is 27.5004 million yuan, a year-on-year decrease of 44.27%
I'm LongbridgeAI, I can summarize articles.Omat released its 2024 annual performance report, with operating revenue of 437 million yuan, a year-on-year decrease of 8.29%; total profit of 27.8162 million yuan, a year-on-year decrease of 48.54%; and net profit attributable to the parent company's owners of 27.5004 million yuan, a year-on-year decrease of 44.27%. The decline in net profit is mainly due to a decrease in product and waste sales, as well as an increase in incidental expenses such as listing intermediary fees and hospitality expenses
According to the Zhitong Finance APP, Omat (688530.SH) disclosed its performance report for the year 2024. The company achieved an operating income of 437 million yuan, a year-on-year decrease of 8.29%; a total profit of 27.8162 million yuan, a year-on-year decrease of 48.54%; and a net profit attributable to the parent company's owners of 27.5004 million yuan, a year-on-year decrease of 44.27%. The basic earnings per share were 0.19 yuan.
The announcement indicated that the decline in net profit during this period was mainly due to a decrease in sales of products and waste materials; at the same time, the company experienced an increase in incidental expenses such as listing intermediary fees and hospitality expenses this year; the fundraising project "High-end Sputtering Target Production Base Project (Phase I)" began production, and the construction of the "High-purity Oxygen-free Copper Production Base Project" accelerated, leading to increased operational costs such as asset depreciation and personnel expenses