Summary by Moomoo AI
China Graphite Group Limited (the Company) announces its interim results for the six months ended June 30, 2024. During the period, the Group's total revenue was approximately RMB 3.64 billion, a decrease of 22.8% year-on-year. The gross profit was approximately RMB 0.29 billion, with a gross margin of 8.0%, compared to 35.8% in the same period last year. The net loss was approximately RMB 1.62 billion, compared to a net loss of approximately RMB 0.33 billion in the same period last year. Zhao Liang, Chairman, Executive Director, and CEO of the Company, stated that in the face of a challenging business environment, the Group actively resumed production and promoted cost reduction and efficiency improvement. However, due to industry dynamics and market conditions, the Company's revenue...Show More