Jingwei Co., Ltd. (002662.SZ) announced 2024 annual results. Net profit to mother was 354 million yuan, a year-on-year decrease of 29.70%

According to the Zhitong Finance App, Jingwei Co., Ltd. (002662.SZ) released its 2024 annual report. During the reporting period, the company achieved operating revenue of 3,095 billion yuan, a year-on-year decrease of 14.06%. Achieved net profit attributable to shareholders of listed companies of 354 million yuan, a year-on-year decrease of 29.70%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 352 million yuan, a year-on-year decrease of 27.98%. Basic earnings per share were $0.24. It is proposed to distribute a cash dividend of 0.72 yuan (tax included) for every 10 shares to all shareholders.

During the reporting period, the company's sales revenue declined due to factors such as the decline in sales volume of mainstream traditional car companies (Mercedes-Benz, BMW, SAIC-GM, etc.) and the internal volume of car prices in the industry. Net profit attributable to shareholders of the parent company was 354 million yuan, a decrease of 150 million yuan over the same period last year, mainly due to a sharp decrease in gross profit due to a decline in sales, and the impact of factors such as depreciation preparations for long-term equity investment in Changchun New Energy and bad debt preparation for other accounts receivable receivable from Wuxi Hongyi equity transfer funds.