GUANGDONG HONGTU's net profit attributable to shareholders for the year 2024 is 416 million yuan, a year-on-year decrease of 1.65%

GUANGDONG HONGTU released its 2024 annual performance report, with total operating revenue of 8.053 billion yuan, a year-on-year increase of 5.76%; net profit attributable to the parent company was 416 million yuan, a year-on-year decrease of 1.65%. The company alleviated the profit pressure brought by intensified industry competition through strengthened cost control and technological innovation. The wholly-owned subsidiaries Guangzhou Hongtu and Tianjin Hongtu are in the growth phase of operations, leading to a slight decline in overall net profit. However, excluding the impact of these two projects, both net profit and operating revenue achieved positive growth