ST Red Sun: Net profit expected to turn losses in year 2024 compared to previous year, planning to apply for revocation of stock trading other risk warnings.

ST Hongtaiyang released its annual report for 2024 on the evening of April 25th. In 2024, the company achieved operating income of 3.007 billion yuan, a year-on-year decrease of 6.97%; the net profit attributable to the parent company was 388 million yuan, turning a profit year-on-year, compared to a loss of 389 million yuan in the same period of the previous year. On the same day, ST Hongtaiyang announced that the company has met the conditions to cancel other risk warnings as required by the regulations, and will apply to the Shenzhen Stock Exchange to cancel the stock trading other risk warnings.