Nanjing CIGU Technology Corp., Ltd. (688448.SH) achieved a net profit of 51.2999 million yuan in 2024, an increase of 6.73% year-on-year.

Nanjing CIGU Technology Corp.,LTD. (688448.SH) released its 2024 annual performance report, with a total operating income of 479 million yuan, an increase of 15.76% compared to the previous year; the net profit attributable to the owners of the parent company was 51.2999 million yuan, an increase of 6.73% compared to the previous year; the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 42.7187 million yuan, an increase of 11.76% compared to the previous year; basic earnings per share was 0.72 yuan. During the reporting period, the company continued to focus on the development of its main business, fully grasping the policy opportunities for energy conservation, carbon reduction, and equipment upgrades, adhering to deepening industry customer demand, continuously optimizing business layout, strengthening the market expansion of new products, and achieving high growth of new products such as magnetic levitation air compressors and magnetic levitation vacuum pumps, driving the overall performance growth of the company. During the reporting period, the company continued to increase its efforts in marketing new products and research and development, accelerating product iteration and upgrade, and related sales expenses and R&D expenses increased compared to the previous year. At the same time, due to the implementation of the 2023 restricted stock incentive plan, the share-based payment expenses amortized during this reporting period increased significantly compared to the same period last year. Therefore, the company's profit growth in 2024 was lower than the revenue growth.