HJT released its 2024 annual performance, with a net profit attributable to the parent company of 155 million yuan, an increase of 491.07%

According to the Zhitong Finance APP, HJT (603577.SH) released its 2024 annual report, showing that the company's operating revenue was 4.619 billion yuan, an increase of 12.82% year-on-year. The net profit attributable to shareholders of the listed company was 155 million yuan, a year-on-year increase of 491.07%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 135 million yuan. The basic earnings per share were 0.4562 yuan. In addition, it plans to distribute a cash dividend of 0.868 yuan (including tax) for every 10 shares to all shareholders.

During the reporting period, the sales volume of main products increased by 24.67% compared to the same period last year, while the average selling price decreased by 8.76%, resulting in a 12.82% year-on-year increase in operating revenue. In terms of sales volume: the sales volume of angle steel towers was 522,200 tons, an increase of 43.93% year-on-year; the sales volume of steel pipe towers was 69,800 tons, a decrease of 30.63% year-on-year; and the sales volume of other steel structures and contact network supports was 34,700 tons, a decrease of 3.19% year-on-year. In terms of selling price: the selling price of angle steel towers decreased by 7.43% year-on-year; the selling price of steel pipe towers decreased by 10% year-on-year; and the selling price of other steel structures and contact network supports decreased by 1.70% year-on-year. During the reporting period, the decline in raw material prices was greater than the decline in product selling prices, with selling prices down 8.76% year-on-year and cost per unit down 11.02% year-on-year, resulting in an increase of 1.98 percentage points in the gross profit margin of the main business compared to the previous period