Neway Cnc Equipment (Suzhou) Co., Ltd (688697.SH) achieved a net profit of 3.23 billion yuan in 2024, representing a year-on-year growth of 1.84%.

Neway CNC Equipment (Suzhou) Co., Ltd (688697.SH) released its 2024 annual performance report, with a total operating income of 2.462 billion yuan, an increase of 6.08% compared to the previous year; net profit attributable to the owners of the parent company was 323 million yuan, an increase of 1.84% compared to the previous year; net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 275 million yuan, a decrease of 0.29% compared to the previous year; and basic earnings per share were 0.99 yuan. In 2024, facing a complex and challenging external environment, the company focused on its core business, increased research and development investment, carried out product technology iteration and upgrades, continuously developed new products, and directed its products towards high-speed, high-precision, high-efficiency, intelligent, and environmentally friendly development. The performance and market competitiveness of the products have been enhanced. At the same time, the company continued to improve its domestic and international marketing networks, increase marketing efforts, and maintained a stable development trend in 2024.