Summary by Moomoo AI
China Rareearth announced its performance for the first half of 2024, with revenue of approximately 0.294 billion Hong Kong dollars, a decrease of about 22% compared to the same period last year. The gross loss is approximately 43.175 million Hong Kong dollars, narrowing the net loss to about 62.59 million Hong Kong dollars, with a loss per share of about 2.58 Hong Kong cents. The main business is rare earth and refractory materials, with a 12% decrease in rare earth business revenue and a 46% decrease in refractory business revenue. The company has not declared any interim dividends, and has not bought, sold, or redeemed any listed securities during the period. As of June 30, 2024, the company held cash and bank deposits of approximately 1.049 billion Hong Kong dollars, with...Show More