Jiangxi Yuean Advanced Materials (688786.SH) net profit for the year 2024 was 69.3241 million yuan, a decrease of 13.21% year-on-year.

Jiangxi Yuean Advanced Materials (688786.SH) disclosed its performance report for the year 2024. The company reported total operating income of 418 million yuan, a year-on-year increase of 13.38%. Net profit attributable to the owners of the parent company was 69.3241 million yuan, a year-on-year decrease of 13.21%. Net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 65.8655 million yuan, a year-on-year decrease of 9.86%. Basic earnings per share was 0.58 yuan/share. In 2024, the net profit attributable to the shareholders of the listed company decreased by 13.21% year-on-year. This was mainly due to the ongoing construction projects transitioning to solidified assets while production capacity is still in the ramp-up stage, leading to increased operating costs. Additionally, an increase in real estate and land holdings resulted in higher related taxes and additional expenses.