Tsaker NE (01986) announced its interim results for the six months ended June 30, 2024. The group generated revenue of RMB 1.005 billion, an increase of 0.9% YoY, while the profit attributable to owners of the company decreased 52.41% YoY to RMB 15.634 million. Earnings per share were RMB 0.02, and the company plans to distribute an interim dividend of RMB 0.005 per share and a special dividend of RMB 0.025 per share.
The group's overall gross margin decreased by approximately 17.5% YoY to about RMB 0.145 billion (for the six months ended June 30, 2023: about RMB 0.176 billion). The decrease in overall gross margin was mainly due to the unfavorable impact of market fluctuations on the unit average selling price of the group's dye intermediates products during the six months ended June 30, 2024, which led to a reduction in gross margin for the dye and agricultural chemical intermediates sector compared to the same period in 2023. The group's overall gross margin rate decreased by approximately 3.2 percentage points YoY to about 14.5% (for the six months ended June 30, 2023: about 17.7%).