On July 10th, GeLongHui reported that Mogao shares (600543.SH) initially estimated that the net income attributable to the shareholders of the listed company for the first half of 2024 would be approximately -8 million yuan to -12 million yuan, a decrease in losses of about 0.84 million yuan to 4.84 million yuan compared to the same period last year, after the company's financial department's preliminary calculation. It is expected that the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses for the first half of 2024 will be about -8.9 million yuan to -12.9 million yuan, a decrease in losses of about 0.49 million yuan to 4.49 million yuan compared to the same period last year.
In the first half of 2024, the domestic wine market is still sluggish, with insufficient consumer demand. The degradation material business is still losing money due to internal and external factors, while the pharmaceutical business accelerates in revenue and profit growth. However, due to the above factors, the overall business was unable to turn around.