Arctech Solar Holding (688408.SH) posted a net profit of 647 million yuan in 2024, an increase of 87.6% year-on-year.

Arctech Solar Holding (688408.SH) released its 2024 annual performance report, with the company's total operating income for 2024 reaching 8.973 billion yuan, a year-on-year increase of 40.42%; the net profit attributable to the owners of the parent company was 647 million yuan, a year-on-year increase of 87.60%; the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 619 million yuan, a year-on-year increase of 101.93%; and the basic earnings per share were 3.22 yuan. During the reporting period, the global photovoltaic market maintained a good growth trend, with strong demand for ground-mounted solar power stations in overseas markets and the rise of emerging markets such as the Middle East and Latin America driving the continuous growth of the company's overseas photovoltaic mounting business. The company's forward-looking development in overseas markets, strategic initiatives such as the integrated layout of photovoltaic mounting systems, gradually demonstrated results in this period, achieving double growth in the company's operating income and net profit.