HNTY's net profit attributable to the parent for the year 2024 is 4.1174 million yuan, a year-on-year increase of 44.37%
HNTY released its 2024 annual performance report, with operating revenue of 433 million yuan, a year-on-year decrease of 11.32%; net profit attributable to the parent company was 4.1174 million yuan, a year-on-year increase of 44.37%. Despite the growth in net profit, due to insufficient demand in the commercial vehicle market and intensified competition, sales declined and price pressure increased, resulting in a net loss of 42.1514 million yuan after deducting non-recurring gains and losses, with losses widening
According to the Zhitong Finance APP, Hunan Tianyan (600698.SH) released its performance forecast for the year 2024. The company's operating revenue for 2024 is expected to be 433 million yuan, a year-on-year decrease of 11.32%; the net profit attributable to shareholders of the listed company is expected to be 4.1174 million yuan, a year-on-year increase of 44.37%; the net loss attributable to shareholders of the listed company, after deducting non-recurring gains and losses, is expected to be 42.1514 million yuan, with losses widening.
In 2024, affected by insufficient replacement demand in the commercial vehicle terminal market, the demand from customers in the commercial vehicle diesel engine sector decreased, leading to a certain decline in sales. At the same time, market competition intensified, and the company faced price pressure, resulting in a year-on-year decrease of approximately 11% in operating revenue. The net profit attributable to shareholders of the listed company increased by 44.37% year-on-year, mainly due to the year-on-year growth in asset disposal gains during the reporting period
