Modern High-tech released its 2024 annual performance, turning from profit to a loss of 64.546 million yuan
I'm LongbridgeAI, I can summarize articles.Modern High-tech released its 2024 annual report, with operating revenue of 493 million yuan, a year-on-year increase of 8.34%. However, the net loss attributable to shareholders of the listed company was 64.546 million yuan, and the net loss after deducting non-recurring gains and losses was 66.1815 million yuan, with a basic loss per share of 0.6753 yuan. Due to the completion of new expansion projects, the depreciation of plant and equipment has significantly increased, and the production capacity has not yet reached full capacity, leading to an increase in unit fixed costs and a year-on-year decline in the gross profit margin of the main business
According to the Zhitong Finance APP, Modern High-tech (300876.SZ) released its annual report for 2024, showing an operating income of 493 million yuan, a year-on-year increase of 8.34%. The net loss attributable to shareholders of the listed company was 64.546 million yuan. The net loss attributable to shareholders of the listed company, excluding non-recurring gains and losses, was 66.1815 million yuan. The basic loss per share was 0.6753 yuan.
During the reporting period, the parent company's new expansion project was completed and put into use, leading to a significant increase in the depreciation of plant and equipment. However, the production capacity is still in the ramp-up phase and has not reached full capacity, resulting in a substantial increase in unit fixed costs and a decline in the gross profit margin of the main business compared to the previous year