---
title: "LongYuan Technology released its 2024 annual performance, with a net profit attributable to the parent company of 65.2875 million yuan, a decrease of 53.77%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/235404256.md"
description: "LongYuan Technology released its 2024 annual report, with operating revenue of 1.277 billion yuan, a year-on-year increase of 13.06%. The net profit attributable to the parent company was 65.2875 million yuan, a year-on-year decrease of 53.77%. The company actively engaged in the molten salt energy storage field, completing the country's first molten salt thermal storage and steam extraction energy storage project, which has advanced technology. It plans to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares to all shareholders"
datetime: "2025-04-10T10:48:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/235404256.md)
  - [en](https://longbridge.com/en/news/235404256.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/235404256.md)
generator: "portal-rs"
---

# LongYuan Technology released its 2024 annual performance, with a net profit attributable to the parent company of 65.2875 million yuan, a decrease of 53.77%

According to the Zhitong Finance APP, LongYuan Technology (300105.SZ) released its annual report for 2024, reporting an operating income of 1.277 billion yuan, a year-on-year increase of 13.06%. The net profit attributable to shareholders of the listed company was 65.2875 million yuan, a year-on-year decrease of 53.77%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 54.6439 million yuan, a year-on-year decrease of 59.50%. The basic earnings per share were 0.1264 yuan.

During the reporting period, in order to adapt to the accelerated construction of a new power system, reserve new technologies, and explore new markets, the company actively engaged in the field of molten salt energy storage and heating, completing the first set of molten salt heating steam extraction energy storage project at Hebei Longshan Company in the country. This project has pioneered the technology of steam extraction molten salt energy storage in domestic thermal power, opening up a new technical path for significantly improving the peak shaving capability of thermal power units, with remarkable technological advancement and industrial driving effects. However, the technology is still in its early stages, and it will take some time before large-scale promotion. The company will continue to optimize related businesses in the future. The revenue scale of this project is relatively large, but the gross profit is low. After excluding this project, the company's overall gross profit margin is basically on par with the same period last year.

In addition, it is proposed to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares to all shareholders

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