Sitong New Metal sees 16.62% revenue growth in 2024

Hebei Sitong New Metal Material (SZSE:300428) announced a 16.62% year-over-year increase in total revenue for 2024, reaching 27.248 billion RMB, according to its preliminary annual results express. Operating profit rose by 15.36% to 821.735 million RMB, while net profit attributable to shareholders increased by 14.08% to 690.829 million RMB. Excluding share incentive expenses, the net profit attributable to shareholders was 739.987 million RMB, a 4.29% increase. Basic earnings per share were 1.10 RMB, up from 0.97 RMB. The company's total assets reached 21.504 billion RMB, a 14.87% increase from the beginning of the year. Net assets attributable to shareholders were 7.249 billion RMB, an 8.87% increase. The company cautions that these figures are preliminary and unaudited.