Summary by Moomoo AI
Nexteer released unaudited interim performance for the six months ending on June 30, 2024, with revenue remaining stable at $2.1 billion and gross profit increasing by 10.5% to $210.9 million. During the period, the profit was $23.06 million, a decrease of $14.34 million from the same period last year. The profit attributable to the equity holders of the Company was $15.7 million, a decrease of $18.3 million from the same period last year. Net cash inflow from operating activities was $152.4 million, cash used in investing activities was $154.6 million, and cash used in financing activities was $19.7 million. The board of directors does not recommend the payment of interim dividends. Mr. Lei Zili, Chairman and CEO of the board, stated that the company will continue to strive for innovation and global market leadership, and has adopted effective risk management and internal control systems.
