Jiangsu Etern (600105.SH) released its half-year report for 2024 on August 26th. In the first half of 2024, the company's revenue was 1.821 billion yuan, a YoY decrease of 2.92%. The net income attributable to the shareholders of the listed company was 31.2996 million yuan, a YoY decrease of 22.19%. The net income attributable to the shareholders of the listed company after deducting non-recurring gains and losses was 21.3218 million yuan, a YoY decrease of 23.98%. The basic earnings per share was 0.022 yuan.
The net income attributable to the shareholders of the listed company in this reporting period decreased by 8.9276 million yuan compared to the same period last year, mainly due to the decrease in profit of Dongchang Investment, a joint venture, caused by the overall impact of the industry. The investment income attributable to the company decreased by 10.493 million yuan YoY. In terms of main business, the profit of overseas projects increased YoY due to the completion settlement of the Bangladesh power transmission project, while the profit of other sectors remained basically the same as the same period last year. The main business sectors of the company are operating stably, with slightly better profits than the same period last year.
