Summary by Moomoo AI
Skyworth Group announces its interim performance for the six months ended June 30, 2024, with a total revenue of 3,015.3 million yuan, a decrease of 6.6% compared to the same period last year. Gross profit recorded 428.9 million yuan, a year-on-year increase of 2.2%. The net profit for this period was 71.4 million yuan, an increase of 15.9% compared to the same period last year, and the net profit attributable to shareholders increased by 27.2% to 38.4 million yuan. Despite global economic fluctuations and weak market demand, Skyworth Group maintains stable business growth by optimizing costs and improving resource efficiency. The board of directors has decided not to distribute interim dividends for this period in order to provide funds for future development. The company continues to invest in research and development, promote the development of smart home appliances and new energy businesses, and actively expand overseas markets. Skyworth Group stated that it will continue to focus on market changes, adjust its operational strategy, and enhance its brand competitiveness.
