Summary by Moomoo AI
Viva Biotech Holdings Group ("Viva Biotech") announced the interim performance for the six months ended June 30, 2024. During the period, the group's revenue decreased from RMB 1,142.2 million in the same period last year to RMB 981.8 million, gross profit decreased from RMB 406.0 million to RMB 339.1 million, and gross margin decreased from 35.5% to 34.5%. However, net profit increased significantly from RMB 13.7 million in the same period last year to RMB 144.2 million, mainly due to the elimination of related financial adjustments brought by the full redemption of convertible bonds. Adjusted net profit under international financial reporting standards increased from RMB 146.1 million in the same period last year to RMB 168.2 million. During the period, Viva Biotech's cumulative customer base increased to 2,350. During the reporting...Show More