On July 9th, Gelunhui reported that Shandong Huapeng (603021.SH) preliminarily calculated a net income attributable to shareholders of the listed company of about -66 million yuan, an increase of about 39.77% year-on-year for the first half of 2024. It is expected that the net income attributable to shareholders of the listed company after deducting non-recurring gains and losses in the first half of 2024 will be about -64 million yuan, an increase of about 40.49% year-on-year.
In the first half of 2024, the company achieved cost reduction and efficiency improvement through refined management, and both gross margin and net income increased year-on-year. However, the company's debt financing scale is large, and financial expenses are high. At the same time, affected by macroeconomic conditions, downstream market trends, and customer demand, industry competition continues to intensify, and overall profit capabilities remain low, resulting in operating losses.
