Summary by Moomoo AI
Haier Smarthome announced its interim results for the six months ended June 30, 2024, with revenue reaching RMB 135,621 million, a year-on-year growth of 3.0%. The company's attributable net profit to shareholders was RMB 10,420 million, a year-on-year growth of 16.3%. The gross margin was 30.1%, an increase of 0.3 percentage points compared to the same period last year. The sales and distribution expense ratio was 13.8%, a 0.5 percentage point improvement compared to the same period last year. The administrative expense ratio was 8.1%, a 0.4 percentage point improvement compared to the same period last year. The net cash inflow from operating activities was RMB 7,818 million, an increase of RMB 1,028 million compared to the same period last year. Capital expenditures amounted to RMB 3,892 million, mainly for...Show More