Summary by Moomoo AI
Chi Kingstone Mining Holdings Limited ("Chi Kingstone") has announced its unaudited interim results for the six months ended June 30, 2024. The report shows that the company's revenue increased by 104.6% compared to the same period last year, reaching approximately RMB 30,772 thousand. However, the company's loss for the period also expanded to approximately RMB 16,592 thousand, with a basic loss per share of RMB 8.57. The company's current liabilities exceed current assets by approximately RMB 3,773 thousand, indicating financial pressure. In response to the ongoing operational challenges, the company's directors have implemented a number of measures, including actively recovering receivables and negotiating with lenders for repayment extensions. The company's main business includes the production and sale of marble slag, as well as the food brand business operated in the United Kingdom. The revenue of the marble slag business has shown significant growth, and the food brand business has also recorded growth. The company stated that it will continue to consolidate production and operations, and expand its customer base to enhance business performance.
