China Traditional Chinese Medicine (00570) has announced that the net income of the group for this period (ending on June 30, 2024, for the past 6 months) is expected to decrease...
Zhongguo Zhongyao (00570) has announced that the net income of the group for this period (ending on June 30, 2024, for the past 6 months) is expected to decrease by 60%-70% compared to the same period last year, mainly due to various factors such as the impact of the Chinese herbal formula granule business caused by the price reduction of centralized procurement, intensified market competition, declining sales scale and profitability; the increase in accounts receivable with long aging in this period has led to an increase in credit impairment losses compared to the same period last year; and the partial subsidiary companies of the company have paid back taxes, which have a significant impact on the net income of the group for this period.