Goldpac group (03315.HK) announced on August 20 that, for the six months ended June 30, 2024, the group's revenue was approximately RMB 0.542 billion, a year-on-year decrease of approximately 27.3% due to the global economic slowdown, longer-than-expected procurement cycles for customers outside mainland China, and other factors. During the period, the group recorded a gross profit of about RMB 0.1323 billion, a year-on-year decrease of approximately 37.2%, with a gross profit margin of about 24.4%, a 3.8 percentage point decrease from the same period in 2023, but still maintaining a healthy profit level. Profit during the period was approximately RMB 30.5 million, a year-on-year decrease of approximately 64.4%.
In the face of a complex and ever-changing macro environment, the group maintains its determination and confidence, accelerates the promotion of digital and platform strategies, increases research and development investment in digital platforms, and promotes research and development projects in the automotive safety, telecommunications, and transportation fields. Research and development expenses during the period were approximately RMB 53.4 million, a year-on-year increase of approximately 4.3%, accounting for approximately 9.9% of revenue.
