Shenzhen Crastal Technology (300824.SZ): Net profit for 2024 decreased by 2.56% year-on-year to 69.5289 million yuan.

Shenzhen Crastal Technology (300824.SZ) released its 2024 annual performance report, reporting a total operating income of 754 million yuan, a year-on-year increase of 13.28%. The net profit attributable to shareholders of the listed company was 69.5289 million yuan, a decrease of 2.56% year-on-year. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 63.3368 million yuan, a decrease of 1.09% year-on-year. The basic earnings per share was 0.2138 yuan per share. Starting from the second quarter of 2024, the company increased its investment in marketing and promotion, product development, talent attraction, and incentives for its domestic business under its own brand. In addition, with the strong support in various provinces and cities across the country for large-scale equipment updates and the policy of replacing old products with new ones, domestic consumption showed a significant recovery in the fourth quarter, leading to a slight year-on-year increase in revenue from the company's business in China since the second quarter.