Summary by Moomoo AI
Pencil Limited (the "Company") announced the unaudited interim financial performance for the six months ending June 30, 2024. During the period, the revenue decreased from RMB 16,823.33 million in the same period last year to RMB 16,304.7 million, while the gross profit increased from RMB 8,556.8 million to RMB 8,832.03 million, and the gross margin increased to 54.2%. The net profit for the period showed significant growth, increasing from RMB 814.76 million to RMB 2,777.39 million, and adjusted net profit (non-compliant with International Financial Reporting Standards) increased from RMB 2,880.4 million to RMB 3,490.97 million. During the reporting period, the Company repurchased and cancelled 35,871,000 shares at a total cost of approximately HKD 154,115,000. The Company maintains a strong financial position, with net current assets decreasing from RMB 1,048.6 million to RMB 889.5 million...Show More