BBMG Corp reports revenue surge but declares lower net profits

Beijing Jingye Group Co., Ltd. (BBMG Corp, SSE:601992) released its 2024 annual report, showing a 2.55% year-on-year increase in revenue to ¥110.71 billion. However, the company's net profit took a steep dive, falling 52.97% to ¥555.16 million, a decline attributed to an increase in operating and debt expenses. This decrease in net profit is accompanied by a proposed dividend distribution plan of RMB 0.05 per share, totaling ¥533.88 million, representing 666% of the 2024 net profit attributable to shareholders of the listed company.