JS INNOV released its annual performance report, with a profit of 13.982 million yuan for the year, a year-on-year decrease of 33.8%
JS INNOV announced its annual performance for the year ending December 31, 2024, with revenue of 182 million yuan, a year-on-year decrease of 2.08%; net profit for the year was 13.982 million yuan, a year-on-year decrease of 33.8%; basic earnings per share were 2.91 cents, with a proposed final dividend of 0.01 HKD per share. Revenue from refining additives increased from 112 million yuan to 123 million yuan, while revenue from oil additives decreased from 74.5 million yuan to 58.9 million yuan
According to the Zhitong Finance APP, Jiangsu Innovation (02116) announced its annual performance for the year ending December 31, 2024, with revenue of 182 million yuan (RMB, the same below), a year-on-year decrease of 2.08%; net profit of 13.982 million yuan, a year-on-year decrease of 33.8%; basic earnings per share of 2.91 cents; and a proposed final dividend of HKD 0.01 per share.
The announcement stated that revenue from refining additives increased from 112 million yuan in 2023 to 123 million yuan during the reporting period, mainly due to the group starting to deliver refining additives in bulk to a newly commissioned large private refining enterprise in 2024, resulting in an increase in sales volume of refining additives. Revenue from oil additives decreased from 74.5 million yuan in 2023 to 58.9 million yuan during the reporting period, mainly due to a decline in the average selling price and sales volume of the group's oil additives in 2024
