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Jiangsu Cnano Technology Co., Ltd. (688116): Leader in carbon nanotubes, new product industrialization is progressing smoothly.
Event. On April 29, 2025, the company released its 2024 annual report and the first quarter report for 2025. In 2024, the company achieved revenue of 1.448 billion yuan, a year-on-year increase of 3.13%; it achieved net profit attributable to the parent company.
Jiangsu Cnano Technology Co.,Ltd. (688116): Q1 profitability rebounded quarter-on-quarter, looking forward to the increase in single-wall production.
The company's revenue in 2024 was 1.448 billion yuan, an increase of 3.13% year-on-year, with a net profit attributable to the parent company of 0.25 billion yuan, a decrease of 15.80% year-on-year, a net profit excluding non-recurring items of 0.237 billion yuan, an increase of 13.60% year-on-year, and the net profit attributable to the parent company was slightly lower than our expectation.
Jiangsu Cnano Technology Co.,Ltd. (688116): Performance meets expectations, and the single-walled carbon tubes are about to be released in volume.
Key investment points: Performance meets expectations: In 2024, revenue is 1.45 billion yuan, +3% year-on-year, net income attributable to shareholders is 0.25 billion yuan, -16% year-on-year, net profit excluding non-recurring gains and losses is 0.24 billion yuan, gross margin is 35%, +2 percentage points year-on-year, net profit attributable to shareholders.
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Tiannai Technology: Tiannai Technology 2024 Annual Report Summary
Tiannai Technology: Tiannai Technology 2024 Annual Report