Jiangsu Guoxin: Profit surges in preliminary 2024 results

Jiangsu Guoxin Corporation (SZSE:002608) announced preliminary financial results for 2024, revealing significant growth in key financial metrics. Total operating revenue increased by 6.83% year-over-year to 3,693.26 million CNY, while net profit attributable to shareholders soared by 72.55% to 322.74 million CNY. The company attributes this performance to increased power generation from new energy units, lower coal prices, strict cost control, and a stable financial sector. Earnings per share rose to 0.8542 CNY, and the return on equity climbed 3.97 percentage points to 10.61%. Total assets reached 9,636.03 million CNY, and net assets attributable to shareholders amounted to 3,258.14 million CNY, reflecting increases of 8.43% and 13.82%, respectively. The company confirmed no discrepancies with previous earnings forecasts.