Kinco Automation (Shanghai) Co., Ltd (688160.SH): Net profit for the fiscal year 2024 was 49.32 million yuan, a decrease of 18.73% compared to the previous year.

Kinco Automation (Shanghai) Co., Ltd (688160.SH) released its 2024 annual performance report, achieving a total operating revenue of 549 million yuan, an 8.45% year-on-year increase; net profit attributable to the owners of the parent company was 49.32 million yuan, a decrease of 18.73% year-on-year; net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 39.2503 million yuan, a decrease of 27.07% year-on-year; basic earnings per share were 0.59 yuan.