---
title: "Chemspec reported a net loss of 49.4452 million yuan for the year 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229880235.md"
description: "Chemspec released its 2024 annual performance preliminary report, showing an operating income of 675 million yuan during the reporting period, a year-on-year decrease of 31.05%; the net loss attributable to the parent company's owners was 49.4452 million yuan. Due to reduced market demand in the new materials sector and the cyclical impact of CDMO business orders, the overall market performance was weak, coupled with intense domestic competition, leading to a significant decline in the company's sales revenue, while manufacturing costs remained rigid, ultimately resulting in a loss"
datetime: "2025-02-27T09:01:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229880235.md)
  - [en](https://longbridge.com/en/news/229880235.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229880235.md)
generator: "portal-rs"
---

# Chemspec reported a net loss of 49.4452 million yuan for the year 2024

According to the Zhitong Finance APP, Chemspec (688602.SH) released its performance preliminary report for the year 2024. During the reporting period, the company achieved operating revenue of 675 million yuan, a decrease of 31.05% compared to the same period last year; it recorded a net loss attributable to the parent company's owners of 49.4452 million yuan.

Due to reduced downstream market demand in the new materials sector and the cyclical impact of CDMO business order cycles, the overall market performance has been weak. Coupled with intense domestic competition leading to pressure on product prices, the company's sales revenue has significantly declined. Meanwhile, manufacturing costs and expenses are relatively rigid, resulting in losses

### Related Stocks

- [688602.CN](https://longbridge.com/en/quote/688602.CN.md)

## Related News & Research

- [US health agencies report 55 cases of E. coli and salmonella infections tied to alfalfa sprouts](https://longbridge.com/en/news/296645342.md)
- [VIMAB: Strong Q2 revenue growth and new battery contracts signal improving performance](https://longbridge.com/en/news/296577862.md)
- [Frozen blueberries recall categorized under FDA's highest Class I risk level](https://longbridge.com/en/news/296506599.md)
- [SandboxAQ introduces AQPotency for virtual drug screening](https://longbridge.com/en/news/296467103.md)
- [Zijin Longking launches ZL230E 230-tonne battery-electric haul truck](https://longbridge.com/en/news/296209689.md)

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