ST HEXUN Technology (08113) released its performance for the six months ended June 30, 2024. The Group achieved a profit of HKD 4 billion...
According to the Smart Finance app, ST HEXUN Technology (08113) released its performance for the six months ended June 30, 2024. The Group achieved a profit of HKD 0.483 billion, a 25.6% decrease YoY. The profit attributable to owners of the company was HKD 0.803 million, a 92.1% decrease YoY. The basic earnings per share were 0.08 HK cents.
During the review period, the sales of the company's LCD panel solutions decreased compared to the same period in 2023. The purchasing plans of the company's brand customers were reduced. The earnings of overseas panel manufacturers continued to decline, and the production capacity continued to decrease. In addition, due to competition from domestic Chinese brands, the demand for the company's panel solutions further declined.
