Xianhe Co., Ltd. (603733.SH) announced its semi-annual report for 2024, achieving revenue of 4.604 billion yuan, a year-on-year increase of 22.23%; net income attributable to shareholders of the listed company was 0.55 billion yuan, a year-on-year increase of 204.73%; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.499 billion yuan, a year-on-year increase of 237.55%; basic earnings per share was 0.78 yuan.
The main reasons for the 204.73% increase in net income attributable to shareholders of the listed company compared to the same period last year are: 1) The production of the "Crane 21 Convertible Bonds" raised funds for the expansion of production capacity and efficiency; 2) After years of overseas market expansion, the company has established a good and stable partnership with foreign customers, established an international brand, and the overall export market has steadily grown; 3) The development of new products, introduction of new technologies, optimization of raw material procurement and other factors led to an increase in gross margin compared to the same period last year.
