Chongqing Fenghwa Group (600615.SH) announced its semi-annual report for 2024, with a revenue of 67.3214 million yuan, a year-on-year increase of 17.40%; net income attributable to shareholders of listed companies was 2.5428 million yuan, turned from loss to profit year-on-year; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 2.2919 million yuan; basic earnings per share of 0.014 yuan. It is planned to distribute a cash dividend of 0.10 yuan (tax included) per 10 shares to all shareholders.
The increase in revenue year-on-year is mainly due to the overall increase in sales volume of new products cultivated by subsidiaries in the previous period, as well as the recognition of income from goods issued in the previous year. The increase in net income is mainly due to the increase in sales volume of the company's auto parts products during the reporting period compared to the same period of the previous year, while the price of the main raw material magnesium alloy has decreased compared to the same period of the previous year, and the company's gross margin has turned from negative to positive compared to the same period of the previous year.
