Shanghai Kai Kai Industrial (600272.SH) announced its report for the first half of 2024. During the reporting period, the company achieved revenue of 489.5205 million yuan, an increase of 98.8254 million yuan, or 25.29%, from the same period in 2023. The net income attributable to shareholders of the listed company was 31.009 million yuan, an increase of 14.0876 million yuan, or 83.25%, from the same period in 2023. The net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 3.2938 million yuan, a decrease of 5.0068 million yuan, or 60.32%, from the same period in 2023.
With the company's transformation towards the "big health" strategy and the comprehensive reform of the clothing and trade circulation sector, the company's revenue increased compared to the same period last year. However, due to adjustments in the domestic consumer market, consumers have become more cautious about high-end nourishing products and other consumption, resulting in a decrease in the related product revenue and gross profit. Therefore, the net income attributable to the owners of the parent company has decreased compared to the same period last year after deducting non-recurring gains and losses. During the reporting period, the company's non-operating profit and loss net amount increased year-on-year, mainly due to the company's confirmation of the compensation income for house requisition during the reporting period of 28.4393 million yuan, affecting the net income attributable to the owners of the listed company by 21.3293 million yuan. There were no similar compensation items in the same period last year.