Summary by Moomoo AI
On August 20, 2024, Fanyuan International announced a positive profit forecast, with expected revenues of RMB 1.35 billion to 1.5 billion for the six months ending June 30, 2024, with a year-on-year growth of about 100% to 123%. This growth is mainly due to significant increases in air transportation, customs clearance, and distribution businesses. During the same period, the profit attributable to owners is expected to range from RMB 30 million to 40 million, an increase of about 165% to 253% compared to the same period last year, mainly due to revenue growth and no costs related to the IPO. The Board of Directors emphasized that this is a preliminary assessment, and has not been reviewed by auditors, so actual performance may differ. The company will announce details of the interim performance on August 28, 2024.
