China Science and Technology: In 2024, the total operating revenue is expected to reach 28.38 billion RMB, with a net profit of 10.3 billion RMB.
On April 25, 2025, at 18:07, China Science and Technology (600522) released its 2024 annual report. In 2024, the total operating revenue is projected to be 480.55 billion RMB, reflecting an increase of 6.63% compared to the previous year. The net profit is anticipated to be 28.38 billion RMB, indicating a decrease of 8.94%.
In contrast, the net profit for the previous year was 25.45 billion RMB, down 4.78%. The cash flow from operating activities is estimated to be 41.3 billion RMB, which is 9.03% lower than the previous year. As of the end of the reporting period, the basic earnings per share for China Science and Technology is projected at 0.835 RMB, with a return on equity of 8.36%.
For the year 2024, the company has set a target of achieving a net profit margin of 10%.
As of April 24, based on the revenue calculation, the company’s trailing twelve months (TTM) price-to-earnings ratio (P/E) is approximately 16.72, the market P/E ratio is around 1.36, and the market sales ratio (TTM) is about 0.99.
According to the report, the primary revenue sources for the company include telecommunications, electric power, marine, and new energy sectors. The data indicates that in 2024, the net profit margin is forecasted to be 8.36%, which represents a 1.48 percentage point decrease compared to the previous year.
China Science and Technology’s financial resources for 2024 are predicted to yield a return on equity of 6.81%, down 1.6 percentage points from the previous year. By the end of 2024, the cash flow from operating activities is expected to be 41.3 billion RMB, a decrease of 9.03% compared to the previous year.
The report highlights that the company anticipates significant changes in its financial structure by the end of 2024, with total liabilities expected to decrease by 47.57% compared to the previous year. In the construction process, total assets are expected to decline by 1.28 percentage points.
Overall, the company is preparing for a challenging financial environment in 2024, with various factors influencing its revenue and profitability.
The financial report is available through the China Science and Technology financial app for detailed insights and further analysis.
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