CCGB released its 2024 annual performance, with a net profit attributable to the parent company of 94.0496 million yuan, a decrease of 80.39%
I'm LongbridgeAI, I can summarize articles.CCGB released its 2024 annual report, with operating revenue of 6.994 billion yuan, a year-on-year increase of 1.79%. The net profit attributable to the parent company was 94.0496 million yuan, a year-on-year decrease of 80.39%. The net profit after deducting non-recurring gains and losses was 44.2555 million yuan, a year-on-year decrease of 87.95%. The basic earnings per share were 0.1818 yuan, and it is proposed to distribute a cash dividend of 1.30 yuan for every 10 shares. Affected by fluctuations in commodity prices, the gross profit margin of the cottonseed business declined, leading to operating losses and an overall decline in performance
According to the Zhitong Finance APP, CCGB (300138.SZ) released its annual report for 2024, reporting an operating income of 6.994 billion yuan, a year-on-year increase of 1.79%. The net profit attributable to shareholders of the listed company was 94.0496 million yuan, a year-on-year decrease of 80.39%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 44.2555 million yuan, a year-on-year decrease of 87.95%. The basic earnings per share were 0.1818 yuan. In addition, it is proposed to distribute a cash dividend of 1.30 yuan (tax included) for every 10 shares to all shareholders.
Affected by fluctuations in the prices of commodities such as soybean oil and soybean meal, the prices of the main products in the cottonseed business decreased during the reporting period, resulting in a gross profit margin decline of 3.48%, asset impairment losses, and significant operating losses, which were the main factors contributing to the year-on-year decline in the company's overall performance