Beijing Yupont Electric Power Technology (688597.SH): Net profit for 2024 is 110 million yuan, a year-on-year increase of 191.80%.

Beijing Yupont Electric Power Technology (688597.SH) released its 2024 annual performance report, with the company achieving operating income of 942 million yuan during the reporting period, a year-on-year increase of 67.62%; net profit attributable to the owners of the parent company was 110 million yuan, a year-on-year increase of 191.80%; net profit attributable to the owners of the parent company excluding non-recurring gains and losses was 93.7887 million yuan, an increase of 153.50% year-on-year; basic earnings per share were 0.48 yuan per share. During the reporting period, the company's main business remained stable and improved. Benefiting from the significant growth in various business orders from State Grid Corporation and Southern Power Grid Corporation, the company's main operating income saw a substantial increase in 2024. In addition, the company increased its investment in research and development, improved its technological capabilities, expanded its market, increased customer satisfaction, strengthened cost control, and improved operational efficiency, leading to gradual realization of economies of scale during the reporting period.