Red Avenue New Materials released its 2024 annual performance, with a net profit attributable to the parent company of 517 million yuan, an increase of 27.10%
I'm LongbridgeAI, I can summarize articles.Red Avenue New Materials released its 2024 annual report, with operating revenue of 3.27 billion yuan, a year-on-year increase of 11.10%; net profit attributable to the parent company of 517 million yuan, a year-on-year increase of 27.10%. The net profit excluding non-recurring gains and losses was 416 million yuan, a year-on-year increase of 7.64%. The basic earnings per share were 0.86 yuan, and it plans to distribute a cash dividend of 5.00 yuan for every 10 shares to all shareholders. The growth in net profit is mainly attributed to the improvement in the profitability of the main business and investment income
According to the Zhitong Finance APP, Red Avenue New Materials (603650.SH) released its annual report for 2024, showing an operating income of 3.27 billion yuan, a year-on-year increase of 11.10%. The net profit attributable to shareholders of the listed company was 517 million yuan, a year-on-year increase of 27.10%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 416 million yuan, a year-on-year increase of 7.64%. The basic earnings per share were 0.86 yuan. In addition, it plans to distribute a cash dividend of 5.00 yuan (including tax) for every 10 shares to all shareholders.
During the reporting period, the net profit attributable to shareholders of the listed company increased by 27.10% compared to the same period last year, mainly due to the increase in the profitability of the main business and the income generated from investments in joint ventures