Shineroad Intl (01587.HK) announced on August 16 that the unaudited revenue for the six months ending June 30, 2024 was RMB 0.299 billion, a decrease of 8% year-on-year. The attributable retrospectively recognized surplus for the parent company was RMB 18.9 million, an increase of 78% year-on-year. The unaudited basic and diluted earnings per share were RMB 0.03 (June 30, 2023: RMB 0.02). The board of directors does not recommend the payment of interim dividends for the six months ending June 30, 2024 (none for the same period in 2023).
The group's revenue refers to the net value of invoices for sold commodities, after deducting returns and trade discounts. The group's revenue mainly comes from distributing food raw materials, food additives, and packaging materials in China. The decrease in revenue was due to the decline in sales volume from some major customers.
