Summary by Moomoo AI
Chongqing M&E (02722) announced its interim business performance for the six months ended June 30, 2024. The group's revenue was approximately RMB 4,225.7 million, an increase of about 8.7% year-on-year. Gross profit was approximately RMB 744.0 million, an increase of about 1.5% year-on-year. Shareholders' profit was approximately RMB 270.1 million, an increase of about 48.5% year-on-year. Basic earnings per share reached approximately RMB 0.07, an increase of about 48.5% year-on-year. During the period, the group's operation resulted in a net cash outflow of approximately RMB 252.1 million, while investment activities had a net cash outflow of approximately RMB 120.7 million, and financing activities had a net cash outflow of approximately RMB 431.6 million. The board of directors does not recommend the distribution of interim dividends. In addition, Mr. Yue Xiangjun temporarily assumes the role of chairman of the board of directors due to job transfers and retirements of Directors Yang Quan and Zhang Fulong.
