---
title: "CCLM's net profit attributable to the parent company for the year 2024 is 1.053 billion yuan, a year-on-year decrease of 24.18%"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/232930603.md"
description: "CCLM released its 2024 annual performance report, with total operating revenue of 9.857 billion yuan, a year-on-year increase of 0.24%; net profit attributable to the parent company was 1.053 billion yuan, a year-on-year decrease of 24.18%. The net profit after deducting non-recurring gains and losses was 1.273 billion yuan, a year-on-year increase of 14.15%. The basic earnings per share were 1.03 yuan. The decline in net profit was mainly due to changes in tax policies, requiring a reversal of the deferred income tax asset of 227 million yuan recognized in 2023, which is a one-time adjustment and does not affect pre-tax profit and cash flow"
datetime: "2025-03-24T08:48:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/232930603.md)
  - [en](https://longbridge.com/en/news/232930603.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/232930603.md)
---

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# CCLM's net profit attributable to the parent company for the year 2024 is 1.053 billion yuan, a year-on-year decrease of 24.18%

According to the Zhitong Finance APP, Zhongyuan Media (000719.SZ) disclosed its performance report for the year 2024. The company achieved total operating revenue of 9.857 billion yuan, a year-on-year increase of 0.24%; the net profit attributable to shareholders of the listed company was 1.053 billion yuan, a year-on-year decrease of 24.18%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 1.273 billion yuan, a year-on-year increase of 14.15%. The basic earnings per share were 1.03 yuan.

The announcement stated that the net profit attributable to shareholders of the listed company for the reporting period was 1.053 billion yuan, a year-on-year decrease of 24.18%. The main reason for this was the change in income tax policy for publishing and book distribution units. According to accounting standards, the company needs to reverse the deferred income tax asset of 227 million yuan recognized in 2023. This matter is a one-time adjustment and will not affect the company's total pre-tax profit and cash flow

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- [CCLM (000719.CN)](https://longbridge.com/zh-HK/quote/000719.CN.md)

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