---
title: "TITAN SCIENTIFIC's net profit for the year 2024 is 12.9298 million yuan, a year-on-year decrease of 82.18%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229870913.md"
description: "TITAN SCIENTIFIC released its 2024 annual performance report, with operating revenue of 2.884 billion yuan, a year-on-year increase of 4.12%. However, the net profit attributable to the parent company's owners was 12.9298 million yuan, a year-on-year decrease of 82.18%. The net profit after deducting non-recurring gains and losses was 5.8112 million yuan, a year-on-year decrease of 88.69%. The company stated that the decline in comprehensive gross profit margin had a significant impact on net profit"
datetime: "2025-02-27T08:04:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229870913.md)
  - [en](https://longbridge.com/en/news/229870913.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229870913.md)
generator: "portal-rs"
---

# TITAN SCIENTIFIC's net profit for the year 2024 is 12.9298 million yuan, a year-on-year decrease of 82.18%

According to the Zhitong Finance APP, TITAN SCIENTIFIC (688133.SH) disclosed its performance report for the year 2024, achieving an operating income of 2.884 billion yuan, an increase of 4.12% compared to the same period last year; the net profit attributable to the owners of the parent company was 12.9298 million yuan, a decrease of 82.18% compared to the same period last year; the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 5.8112 million yuan, a decrease of 88.69% compared to the same period last year. The basic earnings per share were 0.08 yuan.

During the reporting period, the company actively responded to competition through pricing strategies and service advantages to ensure an increase in market share and sales revenue, which led to a decline in the company's overall gross profit margin, significantly impacting net profit

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