Summary by Moomoo AI
Trad chi med (TRAD CHI MED) released its interim report for the period ending June 30, 2024. The report shows that the company's total revenue increased from the previous year's 9.3 billion yuan to approximately 8.385 billion yuan, a growth rate of 9.9%. However, net profit decreased from the previous year's 0.881 billion yuan to 0.754 billion yuan, a decrease of 14.3%. Operating profit increased from the previous year's 1.305 billion yuan to 1.577 billion yuan, a growth of 20.8%. Total assets decreased from the previous year's 4.931 billion yuan to 3.48 billion yuan, a decrease of 29.4%. The company's total liabilities increased from 2.034 billion yuan to 2.418 billion yuan, an 18.9% increase. In addition, the report also mentioned the company's esg performance and future development strategy. Trad chi med showed stable growth in operational activities during the reporting period, but the decrease in net profit may attract investors' attention.
