YGsoft's 2024 profit declines despite revenue increase

YGSOFT (SZSE:002063) reported a slight increase in total operating revenue for 2024, reaching 2,398.39 million yuan, a 0.40% rise year-over-year. However, net profit attributable to shareholders experienced a 14.96% decline to 292.71 million yuan. The company cited increased investments in research and development as a key factor impacting profitability. Basic earnings per share decreased by 15.00% to 0.1536 yuan. Total assets grew by 4.30% to 4,441.41 million yuan, and equity attributable to shareholders increased by 7.28% to 3,675.61 million yuan. The company's operating cash flow improved significantly, driven by a higher cash-to-revenue ratio.