Summary by Moomoo AI
Mecom Power released its interim report in 2024, showing a 6.7% decrease in revenue to 746.2 million Macau patacas during the period, with the main income coming from the steel structure business, accounting for 74.4% of total revenue. The company is a leading enterprise in Macau's civil engineering industry and high-voltage substation construction industry, involving construction and decoration engineering, electromechanical engineering services, and facility management services. The gross margin decreased from 13.3% in the previous period to 6.4%, and the net profit margin decreased from 4.8% to 1.1%. The company's production plant in Jiangmen City, Guangdong Province, China, has officially started production, and it actively participates in infrastructure projects of enterprises and the Macau SAR government. The board of directors did not declare interim dividends and confirmed compliance with corporate governance principles.