Summary by Moomoo AI
Shenghui Clean Holdings Limited (Shenghui Clean) achieved total revenue of approximately RMB 325.8 million and net profit of approximately RMB 10.2 million for the six months ended on June 30, 2024. Compared to the same period in 2023, the company's gross margin decreased from 15.8% to 9.8%, mainly due to an increase in employee welfare expenses. The company's operating funds during the reporting period mainly came from internal funds and bank loans. As of June 30, 2024, the company's net assets totaled approximately RMB 309.0 million. Shenghui Clean was listed on the main board of the Hong Kong Stock Exchange on December 5, 2023, and on July 26, 2024, appointed Dr. Wang Hui as an independent non-executive director, also serving as the chair of the Audit Committee and the Investment Committee. The company plans to expand its business and customer base in the future through organic growth and potential acquisitions or investments in cleaning and maintenance service providers in the Greater Bay Area.