Guangzhou Echom Sci. &Tech. Co., (002420.SZ) achieved a net profit of 94.72 million yuan in 2024, turning losses into profits.

Guangzhou Echom Sci. & Tech. Co., Ltd. (002420.SZ) released its 2024 interim financial report. The company achieved a sales revenue of 2.544 billion yuan, an increase of 12.52% from the previous year. The net profit attributable to shareholders of the listed company was 94.7233 million yuan, turning from a loss to a profit; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 16.4657 million yuan. The basic earnings per share was 0.24 yuan. During the reporting period, the company accelerated the development of its automotive structural component business, increased its focus on new energy and healthcare businesses, and the growth in operating income led to an increase in profits. The company continued to promote business transformation, optimized product and customer structures, increased the proportion of high-margin industry revenue, accepted orders for products with higher added value, and achieved profit growth.