Summary by Moomoo AI
For the six months ended 30 September 2024, Liqiao Technology revenues amounted to HK$2.594 billion, down 5.8% year-on-year; Mauritian HK$0.745 billion, up 3.3% year-on-year, and gross margin increased to 28.7%. Operating profit was HK$0.217 billion, down 20.6%; profit for the period was HK$0.166 billion, down 19.1%. Basic and diluted earnings per share were HK$10.9 cents, down 26.8% year-on-year.Management noted that the revenue of the die casting machine business fell 18.7%, but the injection molding machine and CNC machining center business grew 30.1% and 13.7%, respectively. The company continues to invest in technological innovation, developing over million tons of dual pressure die casting machines and TPI semi-solid magnesium alloy die casting machines, and reaching cooperation with several new energy car host factories. The company...Show More
