Summary by Moomoo AI
CMS Holdings Co., Ltd. (CMS) has announced its unaudited interim results for the six months ended June 30, 2024. The operating income decreased by 21.7% year-on-year to RMB 361.11 million, gross profit decreased by 25.2% year-on-year to RMB 269.65 million, net profit decreased by 52.8% year-on-year to RMB 90.34 million, and basic earnings per share decreased by 52.3% year-on-year to RMB 0.3734. The company declared a mid-year dividend of RMB 0.1507 per share, a year-on-year decrease of 51.9%. The company stated that the national volume-based procurement policy has had a negative impact on its performance, but it marks a basic digestion of the negative impact to the company by national procurement. The company will continue to promote the layout of innovative products, clinical development processes, launch more innovative products for sale, and drive the group to achieve sustained high-quality development. In addition, Mr. Chen Hongbing resigned as Chief Operating Officer and Vice President, was transferred by Executive Director to Non-Executive Director, and was appointed as a senior consultant.