On August 19th, Gelon Hui reported on Earth-Panda Advanced Magnetic Material (688077.SH) on the 2024 half-yearly report. During the reporting period, revenue was 0.64 billion yuan, a year-on-year decrease of 4.59%. The net income attributable to shareholders of the listed company was 17.6126 million yuan, a turn from loss to profit year-on-year. The net income attributable to shareholders of the listed company after deducting non-recurring profit and loss was 10.7541 million yuan; and basic earnings per share were 0.16 yuan.
In the first half of 2024, the net income attributable to shareholders of the listed company and the net income attributable to shareholders of the listed company after deducting non-recurring profit and loss increased by 55.6277 million yuan and 55.1539 million yuan, respectively, compared with the same period last year, mainly due to the year-on-year increase in the company's product sales volume and the stabilization of rare earth raw material prices, resulting in an increase in product gross margin.
