KCNM's net profit for the year 2024 is 92.2485 million yuan, a decrease of 18.27% year-on-year
KCNM released its 2024 annual performance preliminary report, with operating revenue of 1.687 billion yuan, a year-on-year decrease of 5.53%; net profit of 92.2485 million yuan, a year-on-year decrease of 18.27%. The net profit after deducting non-recurring gains and losses was 84.5246 million yuan, a year-on-year decrease of 21.76%. Basic earnings per share were 0.7 yuan. During the reporting period, fluctuations in the prices of precious metal raw materials affected the catalyst sales business, leading to an overall decline in revenue
According to the Zhitong Finance APP, KCNM (688269.SH) disclosed its performance report for the year 2024. The company achieved an operating income of 1.687 billion yuan, a decrease of 5.53% compared to the same period last year; the net profit attributable to the owners of the parent company was 92.2485 million yuan, a decrease of 18.27% compared to the same period last year; the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 84.5246 million yuan, a decrease of 21.76% compared to the same period last year. The basic earnings per share were 0.7 yuan.
During the reporting period, the pricing of the company's catalyst sales business was affected by fluctuations in the prices of precious metal raw materials. The market prices of major precious metal raw materials during the reporting period decreased by 20.51%-24.61% compared to the same period last year, leading to a year-on-year decrease in the unit price of the company's precious metal catalyst products. Since this type of business accounts for a high proportion of the main business income, it resulted in an overall decline in revenue
