HET released its 2024 annual performance, with a net profit attributable to the parent company of 87.7427 million yuan, a decrease of 44.56%
I'm LongbridgeAI, I can summarize articles.HET released its 2024 annual report, with operating revenue of 1.641 billion yuan, a year-on-year decrease of 8.42%; net profit attributable to shareholders was 87.7427 million yuan, a year-on-year decline of 44.56%. After deducting non-recurring gains and losses, the net profit was 78.7794 million yuan, a year-on-year decrease of 46.16%. The basic earnings per share were 0.26 yuan, and it plans to distribute a cash dividend of 1 yuan for every 10 shares to shareholders. The company's net profit has significantly declined due to the slowdown in the macro economy and intensified market competition
According to the Zhitong Finance APP, HET (001217.SZ) released its annual report for 2024, reporting an operating income of 1.641 billion yuan, a year-on-year decrease of 8.42%. The net profit attributable to shareholders of the listed company was 87.7427 million yuan, a year-on-year decrease of 44.56%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 78.7794 million yuan, a year-on-year decrease of 46.16%. The basic earnings per share were 0.26 yuan. In addition, it plans to distribute a cash dividend of 1 yuan (including tax) for every 10 shares to all shareholders.
During the reporting period, the slowdown in macroeconomic growth led to unstable downstream demand for chemical products, and a new round of capacity expansion in the industry resulted in intense market competition. The sales prices of some of the company's products decreased, while the company's continuous investment in research and development, as well as increases in sales, management, and financial expenses year-on-year, and the depreciation of fixed investment projects, collectively contributed to the decline in net profit year-on-year