Summary by Moomoo AI
Kinetic Dev Group Limited (the 'Company') announces its interim performance for the six months ended June 30, 2024. Amidst escalating geopolitical tensions and adverse factors such as Qualcomm inflation, the Chinese government has implemented precise macroeconomic control, maintaining stability in the economy and society. As a leading integrated coal enterprise in China, the Group's business covers coal production, washing, loading, transportation, and trade, as well as actively expanding diversified businesses such as real estate and tobacco. During the reporting period, the Group's revenue reached approximately RMB 2,532.4 million, a year-on-year increase of 69.7%; net profit reached approximately RMB 1,085.2 million, a year-on-year increase of 90.7%. In addition, the Group continues to promote safe, efficient, and eco-friendly coal mine construction...Show More