Suzhou Iron Technology (688329.SH) incurred a net loss of 21.4164 million yuan in 2024, turning from a profit to a loss.

Suzhou Iron Technology (688329.SH) released its 2024 annual performance report, achieving a total operating income of 333 million yuan in 2024, a year-on-year decrease of 8.41%, and a net loss attributable to owners of the parent company of 21.4164 million yuan. During the reporting period, the company's operating income and comprehensive gross profit margin declined due to continued impacts from the market environment and other factors. The company extensively carried out business expansion activities, increased market development efforts, further expanded domestic and international markets, enhanced the market reputation of company products, and increased sales expenses; the depreciation and operating expenses of the new building after its use led to an increase in management expenses. During the reporting period, the decline in operating income affected the decrease in software tax refunds compared to the same period last year.