---
title: "HangKe Technology's net profit for the year 2024 is 300 million yuan, a year-on-year decrease of 62.95%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229932789.md"
description: "HangKe Technology released its 2024 annual performance report, with operating revenue of 2.998 billion yuan, a year-on-year decrease of 23.74%; net profit of 300 million yuan, a year-on-year decrease of 62.95%. The decline in performance is mainly due to the slowdown in demand in the lithium-ion battery market, intensified industry competition, and extended acceptance cycles. At the same time, the company is actively expanding its overseas market, with an increase in order scale, but foreign exchange rate fluctuations have led to increased exchange losses"
datetime: "2025-02-27T14:26:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229932789.md)
  - [en](https://longbridge.com/en/news/229932789.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229932789.md)
generator: "portal-rs"
---

# HangKe Technology's net profit for the year 2024 is 300 million yuan, a year-on-year decrease of 62.95%

According to the Zhitong Finance APP, HangKe Technology (688006.SH) released its performance report for the year 2024. During the reporting period, the company achieved operating revenue of 2.998 billion yuan, a year-on-year decrease of 23.74%, and a net profit attributable to the parent company's owners of 300 million yuan, a year-on-year decrease of 62.95%.

The main reasons for the performance changes are: 1) Due to the slowdown in the growth of demand in the lithium-ion battery market, intensified market competition in the lithium battery equipment manufacturing industry, and extended acceptance periods for battery manufacturers, the company's operating revenue has declined year-on-year, with a decrease in the gross profit margin of major products; 2) The company is actively expanding its overseas market with significant results, and the scale of orders on hand continues to expand, with the proportion of overseas orders rapidly increasing, leading to a rapid increase in foreign currency settlement amounts overseas. As a result, the exchange loss has significantly increased this period due to fluctuations in foreign currency exchange rates

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