Sokan New Materials Group (688157.SH) achieved a net profit of 89.144 million yuan in 2024, an increase of 9.91% year-on-year.

Sokan New Materials Group (688157.SH) released its performance report for the year 2024, with a total operating revenue of 748 million yuan, a year-on-year increase of 26.90%; net profit attributable to the owners of the parent company was 89.144 million yuan, a year-on-year increase of 9.91%; net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 81.7991 million yuan, a year-on-year increase of 10.96%; basic earnings per share were 0.80 yuan. In 2024, the company outlined a development strategy blueprint of "single focus + multi-domain" with the goal of "three vertical and three horizontal," focusing on the main business of new functional coating materials, driving innovation and research and development, and achieving steady growth in operating performance by targeting market demands and making breakthroughs in market expansion.