The 2024 financial report of SSM records significant growth in revenue and profit. Revenue reached 500 million USD, a 20% increase compared to last year, thanks to market expansion and the introduction of new products. Net profit after tax reached 100 million USD, up 15% from 2023.
Operating expenses also increased but remained within budget, due to cost-saving measures and optimized production processes. Debt decreased by 10% compared to last year, reflecting better financial management.
A highlight of the report is the investment in new technology, which helps boost labor productivity and reduce production costs. SSM emphasizes sustainable development and social responsibility, implementing community support and environmental protection programs.
The company’s total assets by the end of 2024 amounted to 1 billion USD, with a stable asset structure. SSM forecasts continued growth in the coming year with plans for scale expansion and product quality improvement.
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