BUYANG INTL released its annual performance, with a net profit of 19.18 million yuan, a year-on-year decrease of 53.58%
I'm LongbridgeAI, I can summarize articles.BUYANG INTL released its annual performance for the year ending December 31, 2024, with revenue of 392 million yuan, a year-on-year increase of 6.79%; net profit was 19.18 million yuan, a year-on-year decrease of 53.58%. The basic and diluted earnings per share were approximately 0.02 yuan. The company stated that the revenue growth was mainly due to the sales of aluminum alloy turbines in Asia and the Americas. To achieve sustainable growth, the company will continue to develop new products, expand its sales network, enhance brand awareness, and invest in human capital. Looking ahead, the company will actively respond to industry changes and seize new opportunities
According to the Zhitong Finance APP, BUYANG INTL (02457) announced its annual performance for the year ending December 31, 2024, reporting revenue of RMB 392 million, an increase of 6.79% year-on-year; net profit of RMB 19.18 million, a decrease of 53.58% year-on-year; and basic and diluted earnings per share of approximately RMB 0.02.
The announcement stated that the increase in revenue was mainly due to the rise in sales of aluminum alloy turbines in Asia and the Americas.
To promote sustainable long-term growth, the company will continue to develop new products, expand its multi-channel sales and distribution network, enhance brand awareness, increase production capacity, improve operational efficiency, and invest in human capital development. The company will strive to consistently exceed market expectations and deliver outstanding performance to its shareholders, employees, and communities in a socially and environmentally responsible manner. Looking ahead, the group is ready to seize new opportunities and actively respond to industry changes