Hengdeli (03389.HK) announced on August 21st that the group's revenue for the six months ended June 30, 2024 was 580,361,000 yuan, a decrease of 14.1% compared to the same period last year. The gross margin is about 16.4%, an increase of 1 percentage point compared to the same period last year.
During the review period, the group recorded a surplus, with a surplus of 499,000 yuan, an increase of 105.7% compared to the same period last year; the loss attributable to shareholders was 2,504,000 yuan, an increase of 26.1% compared to the same period last year. The main reasons for the increase in losses are the increase in depreciation expenses for properties, factories, and equipment, and foreign exchange losses caused by exchange rate fluctuations in operating units.