Lao Feng Xiang's (SHA:600612, SHA:900905) net profit attributable to shareholders in 2024 dropped 12% to 1.95 billion yuan from 2.21 billion yuan in 2023.
Earnings per share fell to 3.73 yuan from 4.23 yuan, according to a Shanghai Stock Exchange filing on Wednesday.
The Chinese jewelry company generated an operating income of 56.8 billion yuan in 2024, dropping 21% from 71.4 billion yuan in the previous year.
The company's A shares rose 2% in recent trade.
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