Cubic's net profit for the year 2024 is 105 million yuan, a year-on-year decrease of 20.64%

According to the Zhitong Finance APP, Cubic (688665.SH) disclosed its performance report for the year 2024, with operating revenue of 855 million yuan, a year-on-year increase of 23.64%; the net profit attributable to the parent company's owners was 105 million yuan, a year-on-year decrease of 20.64%. The basic earnings per share were 1.05 yuan.

During the reporting period, due to the implementation of equity incentives resulting in share-based payment expenses, an increase in the number of employees, and rising employee compensation, the company's management expenses increased by 56.28% year-on-year, an increase of 22.3349 million yuan; to enhance the company's product research and development investment and improve the core competitiveness of its products, the company increased direct R&D investment, with R&D expenses rising by 39.64% year-on-year, an increase of 32.6031 million yuan; to further strengthen the development of domestic and international markets, the company continued to expand its marketing talent team, while intermediary services and advertising expenses increased, leading to a year-on-year increase in sales expenses of 36.26%, an increase of 20.7402 million yuan; due to a decrease in interest income from the company's fundraising account and foreign exchange gains, financial expenses increased by 87.38% year-on-year, an increase of 8.9258 million yuan