Wanda Bearing released its 2024 annual performance report: net profit steadily increased by 57.57 million yuan
According to the announcement released on February 25, Wanda Bearing (stock code: 920002) had an outstanding operating performance in 2024. The annual revenue totaled 346 million yuan, a year-on-year increase of 0.64%. The company's total profit for the whole year was 66.77 million yuan, up 15.07% year-on-year, of which the net profit attributable to the parent company's shareholders was 57.57 million yuan, a year-on-year increase of 16.3%. After deducting non-recurring gains and losses, the figure was 54.76 million yuan, a year-on-year increase of 16.4%. Basic earnings per share were 1.92 yuan, an increase of 1.59% over the previous year.
As of the end of 2024, Wanda Bearing's total assets reached 745 million yuan, a year-on-year increase of 27.95%; the parent company's shareholders' equity increased to 678 million yuan, a year-on-year increase of 30.07%; the net asset value per share rose to 20.86 yuan, an increase of 7.03% from the beginning of the year. These achievements are mainly attributed to the equity premium of 96.6 million yuan brought by the listing on the Beijing Stock Exchange and the enhancement of the company's overall profitability.
In addition, in the first three quarters of 2024, Wanda Bearing achieved total revenue of 262 million yuan and net profit attributable to parent company shareholders of 45.04 million yuan.
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