Summary by Moomoo AI
Puer Lanchang Ancient Tea Co., Ltd. (Lanchang Ancient Tea) released its interim report on June 30, 2024, showing that the company's revenue was RMB 195.1 million, a decrease of 15.9% compared to the same period in 2023. The gross profit was RMB 124.7 million, a decrease of 10.8%. The profit attributable to the owners of the company was RMB 5.1 million, a decrease of 79.1%, with basic and diluted earnings per share of RMB 0.06. During the reporting period, the company did not declare any interim dividends. Lanchang Ancient Tea stated that the revenue decline was mainly due to a decrease in offline store purchases, and actively developing online e-commerce and sales to large customers. In addition, on August 7, 2024, the shareholders' meeting was held, approving a proposal to change the use of some of the proceeds from the listing, allocating some of the raised funds to the Shangquan Ancient Fermentation and production capacity expansion projects. The board of directors and audit committee have reviewed the unaudited interim performance and confirmed compliance with applicable accounting standards.
