Futubull Financial News APP: Tianjin Jiuri New Materials (688199.SH) released its semi-annual report for 2024. During the reporting period, the company achieved operating revenue of 768 million yuan, ...

In 2024, facing the unfavorable situation of industry demand convergence, in order to consolidate its leading position in the field of photoinitiators, the company chose a flexible marketing strategy. During this reporting period, the sales volume of photoinitiators increased by 42.14% compared to the same period last year. While improving market share, the company continued to strategically offer discounts to its customer base, resulting in sales prices remaining at historically low levels, greatly reducing gross profit from sales and continuously compressing profit margins. As a result, the net income attributable to the owners of the parent company decreased significantly during this reporting period.