China Wantian Holdings (01854) released its six-month performance for the period ending June 30, 2024, with earnings of 0.252 billion...
According to the Chinese Wantian Holdings (01854) release of its six-month performance for the period ending June 30, 2024, the company had earnings of 0.252 billion Hong Kong dollars, a net loss of 17.216 million Hong Kong dollars, and a basic loss per share of 0.88 Hong Kong cents.
During the period, the gross margin generated from the Group's food supply business was approximately 28.9 million Hong Kong dollars, with a gross margin of approximately 12.1% (for the six months ended September 30, 2023: 17.7 million Hong Kong dollars, gross margin of approximately 14.8%). With changes in the product mix of the Group's food supply business, the gross margin decreased by 2.7 percentage points, due to the need for the Group to seize new customers and new sales orders in the face of a different and highly competitive environment, thus affecting the profitability during the period.
