Zhejiang Weixing New Building Materials (002372.SZ) reported a net profit of 955 million yuan in 2024, a decrease of 33.36%

Zhejiang Weixing New Building Materials (002372.SZ) disclosed the 2024 annual performance bulletin. The company achieved total operating income of 6.271 billion yuan, a decrease of 1.68% compared to the same period last year; net profit attributable to shareholders of the listed company was 955 million yuan, a decrease of 33.36% compared to the same period last year; basic earnings per share were 0.61 yuan. During the reporting period, the investment income of Ningbo Dongpeng Helil Equity Investment Partnership Enterprise (Limited Partnership) decreased significantly compared to the same period last year due to market expansion and the consolidation of acquired companies, resulting in an increase in selling expenses and goodwill impairment provisions. Due to the overall decrease in market demand and intensified competition, the company's total operating income and gross profit margin decreased.