Chemspec reported a net loss of 49.4452 million yuan for the year 2024
I'm LongbridgeAI, I can summarize articles.Chemspec released its 2024 annual performance preliminary report, showing an operating income of 675 million yuan during the reporting period, a year-on-year decrease of 31.05%; the net loss attributable to the parent company's owners was 49.4452 million yuan. Due to reduced market demand in the new materials sector and the cyclical impact of CDMO business orders, the overall market performance was weak, coupled with intense domestic competition, leading to a significant decline in the company's sales revenue, while manufacturing costs remained rigid, ultimately resulting in a loss
According to the Zhitong Finance APP, Chemspec (688602.SH) released its performance preliminary report for the year 2024. During the reporting period, the company achieved operating revenue of 675 million yuan, a decrease of 31.05% compared to the same period last year; it recorded a net loss attributable to the parent company's owners of 49.4452 million yuan.
Due to reduced downstream market demand in the new materials sector and the cyclical impact of CDMO business order cycles, the overall market performance has been weak. Coupled with intense domestic competition leading to pressure on product prices, the company's sales revenue has significantly declined. Meanwhile, manufacturing costs and expenses are relatively rigid, resulting in losses