Summary by Moomoo AI
Shangtang Group Limited announced its interim report on June 30, 2024, showing that the revenue reached RMB 1,739,717,000, an increase of 21.4% year-on-year. The gross profit was RMB 766,760,000, an 18.2% increase year-on-year. The period's loss was RMB 2,477,212,000, a 21.2% decrease from the same period last year. EBITDA was RMB 2,040,685,000, a 26.5% decrease from the same period last year. The company emphasizes that despite the losses, it has achieved significant growth in overall revenue and actively optimized operating expenses to reduce losses. During the reporting period, the company did not declare an interim dividend, and adhered to corporate governance principles to ensure operations and management are in line with the interests of all shareholders.