Summary by Moomoo AI
Xinyi Glass Holdings Limited announced its interim results for the six months ended June 30, 2024, with revenue of HKD 1,180.72 million, a decrease of 6.4% compared to the same period last year. However, the company's equity holders' profit attributable to owners of the company increased by 27.1% to HKD 272.99 million compared to the same period last year, and earnings per share increased from HKD 0.521 to HKD 0.646. The company announced an interim dividend of HKD 0.31 per share. During the reporting period, the net cash flow from operating activities of Xinyi Glass was HKD 214.38 million, and the total cash and cash equivalents were HKD 133.75 million. After the reporting period, the company announced the distribution of interim dividends and the provision of a stock dividend plan. Despite the market challenges faced by Xinyi Glass during the reporting period, the company continued to maintain reasonable profitability levels through diversified product branches and global market coverage. The company will continue to invest in research and development and seek global expansion opportunities.
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