Shareate Tools Ltd (688257.SH) recorded a net profit of 1.79 billion yuan in 2024, a year-on-year increase of 10.1%.

Shareate Tools Ltd (688257.SH) disclosed its performance report for the year 2024, the company achieved operating income of 1.862 billion yuan, a year-on-year increase of 20.17%; net profit attributable to owners of the parent company was 179 million yuan, a year-on-year increase of 10.10%; net profit attributable to owners of the parent company after deducting non-recurring gains and losses was 156 million yuan, a year-on-year increase of 13.28%; basic earnings per share were 1.0051 yuan. In 2024, the company's revenue from hard alloy cutting tools grew rapidly, with operating income increasing by 20.17% year-on-year.