On August 19, Gelon Hui reported that Fujian Torch Electron Technology's (603678.SH) H1 2024 report showed revenue of 1.427 billion yuan, a 9.58% year-on-year decrease; net income attributable to shareholders of listed company was 0.164 billion yuan, a 35.24% year-on-year decrease; and net income attributable to shareholders of listed company after deducting non-recurring gains and losses was 0.155 billion yuan, a 36.20% year-on-year decrease; basic earnings per share was 0.36 yuan. It plans to distribute a cash dividend of 0.70 yuan (tax included) per 10 shares to all shareholders.
During the reporting period, affected by fluctuations in industry prosperity, the recovery of downstream market demand of the company was still slow, and the sales revenue of the company decreased year-on-year, especially the sales revenue of the self-produced business with higher gross profit decreased, resulting in a decline in net income attributable to shareholders of listed company, net income attributable to shareholders of listed company after deducting non-recurring gains and losses, basic earnings per share, diluted earnings per share, and basic earnings per share after deducting non-recurring gains and losses.
