panasialum (02078) released its six-month performance for the period ending 30 June 2024, with revenue of 0.434 billion Hong Kong dollars...
According to the Smart Finance APP, panasialum (02078) released its six-month performance for the period ending 30 June 2024, with revenue of 0.434 billion Hong Kong dollars, down 9.4% year-on-year; net income of 5.896 million Hong Kong dollars, up 1103.3% year-on-year; basic earnings per share of 0.49 Hong Kong cents.
During this period, the group's revenue from cecep solar energy, consumer electronics and industrial products, as well as electric vehicles, amounted to approximately 0.296 billion Hong Kong dollars, 35.2 million Hong Kong dollars, 58.3 million Hong Kong dollars, and 44.3 million Hong Kong dollars, accounting for approximately 68.2%, 8.1%, 13.5%, and 10.2% of the total revenue, respectively. Compared with the same period in 2023, revenue from consumer electronics decreased by about 52.1%, industrial products decreased by 11.1%, and electric vehicles decreased by 3.9%, while revenue from cecep solar energy increased by 0.7%. The overall decline in revenue is mainly due to the decline in sales volume of consumer electronics and industrial products, reflecting the impact of slowing economic growth on the domestic market.