Core Viewpoint - Rongbai Technology (688005) reported a significant decline in revenue and net profit for the fiscal year 2024, attributed to intensified market competition and fluctuations in raw material prices [1] Financial Performance - The company achieved total operating revenue of 15.083 billion yuan in 2024, a year-on-year decrease of 33.43% [1] - The net profit attributable to the parent company was 292 million yuan, down 49.69% year-on-year [1] - Basic earnings per share were reported at 0.61 yuan [1] Operational Insights - The company's profitability faced pressure in the first half of the year due to multiple factors, including increased market competition and raw material price volatility [1] - In the second half of the year, there was a steady improvement in capacity utilization and operational conditions, leading to a quarter-on-quarter increase in net profit attributable to the parent company [1] - Despite the improvements in the latter half, the overall profit level for the year still declined year-on-year due to the aforementioned challenges [1]
容百科技业绩快报:2024年净利润2.92亿元 同比下降49.69%