Nine Dragons New Material (002201.SZ) net profit for the year 2024 was 32.55 million yuan, a decrease of 16.09% compared to the previous year.

Jiuding New Materials (002201.SZ) released its 2024 annual performance report. During the reporting period, the company achieved total operating income of 1.347 billion yuan, a decrease of 21.67% from the same period last year; the net profit attributable to the shareholders of the listed company was 32.5553 million yuan, a decrease of 16.09% from the same period last year. The main reason for this is that the total profit decreased during the reporting period, while the wholly-owned subsidiaries Jiangsu Jiuding Special Fiber Co., Ltd., Jiangsu Jiuding Abrasive Materials Co., Ltd., and Jiangsu Jiuding Industrial Materials Co., Ltd. successively obtained the qualification of high-tech enterprise, resulting in a decrease in income tax expenses, resulting in a decrease in the net profit attributable to the shareholders of the listed company which is lower than the decrease in total profit.