RAYITEK released its 2024 annual performance, with a net loss attributable to the parent company of 57.2749 million yuan
RAYITEK released its 2024 annual report, with operating revenue of 339 million yuan, a year-on-year increase of 22.88%. The net loss attributable to shareholders was 57.2749 million yuan, and the net loss after deducting non-recurring gains and losses was 57.6282 million yuan, with a basic loss per share of 0.32 yuan. The increase in losses was mainly due to the slow improvement in production efficiency during the initial production phase of the Jiaxing project, incomplete capacity release, and intensified market competition leading to a decline in the prices of some products. Management expenses and financial expenses also increased due to higher depreciation and interest
According to the Zhitong Finance APP, RAYITEK (688323.SH) released its annual report for 2024. During the reporting period, the company achieved operating revenue of 339 million yuan, a year-on-year increase of 22.88%. The net loss attributable to shareholders of the listed company was 57.2749 million yuan, and the net loss attributable to shareholders of the listed company after deducting non-recurring gains and losses was 57.6282 million yuan, with a basic loss per share of 0.32 yuan.
The net profit attributable to shareholders of the listed company and the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses both increased year-on-year losses of 37.6719 million yuan and 35.7402 million yuan, respectively. This was mainly due to the initial production stage of the Jiaxing fundraising project, where production efficiency was gradually improving, and capacity had not been fully released, resulting in relatively high unit costs. In particular, the application evaluation cycle for new high-performance PI film products is long, and the customer supply chain introduction requires different batches and product stability evaluation assessments, which takes time for capacity release. Additionally, due to intensified industry market competition, the selling prices of some products have declined. These comprehensive factors led to a decrease in the company's overall gross profit by 8.8474 million yuan compared to 2023. Furthermore, the increase in depreciation and capitalized interest after the Jiaxing project went into production also caused management expenses and financial expenses to increase year-on-year by 10.2997 million yuan and 19.6128 million yuan, respectively. Therefore, despite the company's operating revenue increasing year-on-year during the reporting period, the losses still increased compared to the previous year
