Dingji De (603255.SH) released its semi-annual report for 2024 on August 26. During the reporting period, the company achieved revenue of 0.368 billion yuan, a 2.58% year-on-year decrease; the net profit attributable to the shareholders of the listed company was 5.3173 million yuan, down 86.75% year-on-year; the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses was 4.2994 million yuan, down 88.98% year-on-year; and the basic earnings per share was 0.04 yuan.
During the reporting period, the net profit attributable to the shareholders of the listed company and the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses decreased by 86.75% and 88.98% compared to the same period of the previous year. This was mainly due to the impact of market conditions on selling prices, resulting in a decrease in gross profit, as well as the fact that the subsidiary, Petrochemical Technology, incurred expenses but had no revenue during its construction period, leading to an increase in operating expenses.
