Precision Forging Technology's 2024 semi-annual report shows revenue growth but profit pressure

Jingduan Technology released its 2024 semi-annual report, showing that revenue reached 1.007 billion yuan, a year-on-year increase of 6.3%. However, the net profit attributable to the parent was 94 million yuan, a year-on-year decrease of 27.0%. The net profit attributable to the parent after deducting non-recurring items was 76 million yuan, a year-on-year increase of 47.5%. In the second quarter of 2024, the company's revenue was 503 million yuan, a slight increase of 0.8% year-on-year and a decrease of 0.1% month-on-month. The net profit attributable to the parent was 47 million yuan, a year-on-year decrease of 43.1% and a month-on-month decrease of 0.6%. The net profit attributable to the parent after deducting non-recurring items was 32 million yuan, a year-on-year decrease of 54.9% and a month-on-month decrease of 26.3%.