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SHINELONG: 2024 Interim Report
Shinelong Automotive Faces Profit Decline Amid Revenue Growth
Shinelong (01930.HK) has a mid-term profit of approximately 0.118 billion yuan, an increase of approximately 10.3% year-on-year.
On August 27, Guangdong Guanghui (01930.HK) announced that the group's income for the six months ending June 30, 2024 was approximately 0.118 billion yuan, an increase of approximately 10.3% year-on-year. The increase was mainly due to the increase in income generated by the group's sales of auto molds. In the first half of 2024, the company's attributable net profit was approximately 7.3 million yuan, a decrease of approximately 47.1% year-on-year; basic earnings per share were 1.1 yuan. The decrease was mainly due to: (i) a decrease in income from a major customer of the group, whose gross margin rate is relatively higher than other auto mold customers, resulting in lower sales.
Express News | Shinelong Automotive Lightweight Application H1 Revenue RMB 117.8 Million
SHINELONG: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024 AND CHANGE IN USE OF PROCEEDS
In July, the industry developed rapidly according to Northeast Securities. The weak recovery trend of the general sector continued, and equipment updates are expected to accelerate.
In July, the national industrial value-added of scale enterprises increased by 5.1%, a decrease of 0.2 percentage points compared to the previous period.
