On March 27, Qrunning Cable convened the 11th meeting of the 5th Board of Directors, during which the 2024 Annual Report and related proposals were reviewed and approved. On March 28, the company officially released the 2024 Annual Report on the information disclosure platform of the Beijing Stock Exchange.
According to the annual report, during the reporting period, Qrunning faced a challenging environment characterized by global economic complexity, weak domestic demand, and intensifying industry competition. In response, the company remained united, expanded its market presence, deepened its business layout, focused on lean internal management, advanced digital and intelligent upgrades on production lines, and promoted continuous R&D and innovation to improve quality and efficiency.
In 2024, the company achieved operating revenue of RMB 3.585 billion, representing a year-on-year increase of 20.19%. Net profit attributable to shareholders of the listed company reached RMB 132.92 million, up 8.43% year-on-year. The company’s weighted average return on net assets was 12.34%, and earnings per share were RMB 0.49, an increase of 8.89% year-on-year. By the end of the reporting period, Qrunning’s total assets amounted to RMB 2.445 billion, with net assets attributable to shareholders of the listed company at RMB 1.116 billion. The company maintained a sound financial position, achieving both revenue and profit growth for three consecutive years, and taking its high-quality development to a new level.
The full text of the 2024 Annual Report was also published on the official websites of Securities Daily, Securities Times, и China Securities Journal, with timely news coverage across these media platforms. Numerous mainstream financial media outlets followed up by reposting, analyzing, and commenting on the report.
Alongside the release of the annual report, the company also announced its 2024 Profit Distribution Plan. As a return to shareholders, Qrunning proposes a cash dividend of RMB 2 for every 10 shares held and a bonus issue of 2 additional shares for every 10 shares from the capital reserve. This consistent and stable dividend policy reflects the company’s commitment to creating shareholder value and contributes to its strong reputation in the capital markets.
