According to the Zhitong Finance APP, HCPECT (300779.SZ) released its annual report for 2024, showing an operating income of 1.149 billion yuan, a year-on-year increase of 7.33%. The net profit attributable to shareholders of the listed company was 42.5997 million yuan, a year-on-year decrease of 69.24%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 29.9254 million yuan, a year-on-year decrease of 78.55%. The basic earnings per share were 0.32 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 company actively expanded its market, resulting in increased sales and revenue of catalysts. However, due to intense competition in the catalyst industry, the sales price of catalysts and the disposal price of waste catalysts continued to decrease year-on-year, compressing profit margins. At the same time, as new projects gradually commenced operations, depreciation expenses, labor costs, and other production operating expenses increased year-on-year, leading to a decline in project profit levels. Furthermore, the company continuously explored new projects, resulting in increased personnel costs, management expenses, and financial costs for project reserves, while project benefits have yet to be realized, causing an overall rise in costs and expenses, and a significant decline in net profit compared to the same period last year