In 2024, Road Biology reported a net loss of 56.9319 million yuan, turning from profit to loss
Road Biology released its 2024 annual performance preliminary report, with total operating revenue of 282 million yuan, a year-on-year decrease of 19.65%; the net loss attributable to the parent company's owners was 56.9319 million yuan, turning from profit to loss. The company adjusted its business structure, with steady growth in sales and revenue from the liquor lees biological fermentation feed business, but due to the decline in feed raw material prices and industry adjustments, the gross profit margin decreased, affecting overall profits. In addition, the increase in credit impairment losses and asset impairment losses led to a decline in performance
According to the Zhitong Finance APP, Road Biology (688156.SH) released its performance report for the year 2024, with total operating revenue of 282 million yuan, a year-on-year decrease of 19.65%; a net loss attributable to the parent company's owners of 56.9319 million yuan, turning from profit to loss; a net loss attributable to the parent company's owners after deducting non-recurring gains and losses of 59.8290 million yuan, turning from profit to loss; and a basic loss per share of 0.57 yuan.
During the reporting period, the company further adjusted its business structure and investment layout, continuously enhancing the market expansion efforts of its baijiu lees biological fermentation feed business. The sales volume and revenue of the baijiu lees biological fermentation feed business steadily increased, but were affected by the continuous decline in domestic bulk feed raw material prices and the overall adjustment of the livestock industry, leading to a reduction in product prices and a decline in gross profit margin. At the same time, due to the construction of new production capacity, research and development expenses, sales, management, and financial costs increased during the same period, impacting the overall profit of this business. Additionally, during the reporting period, the company recorded an increase in credit impairment losses and asset impairment losses for its inorganic solid waste treatment service business compared to the previous year, resulting in an overall decline in the company's performance during the reporting period
