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CPM GROUP: Interim Report 2024
CICC Securities: The chemical industry continued to fluctuate in the first half of the year, with strong tire exports and double growth in revenue and performance.
In the first half of 2024, the chemical industry achieved revenue of 1237.63 billion yuan, a year-on-year increase of +4.2%; net income attributable to the company was 75.25 billion yuan, a year-on-year increase of +0.8%.
CPM Group's Interim Results Show Profit Decline
CNT GROUP (00701.HK) reported a mid-year revenue of approximately 0.161 billion Hong Kong dollars, a decrease of 37.1% year-on-year.
CNT GROUP (00701.HK) announced on August 29th that for the six-month period ending June 30, 2024, the Group recorded a loss attributable to shareholders of approximately HKD 13,460,000, compared to HKD 3,320,000 for the same period last year. The loss during this period was mainly due to a significant fair value loss of investment properties held by the Group in Hong Kong and mainland China, totaling approximately HKD 11,630,000 as of June 30, 2024, compared to a fair value gain of approximately HKD 12,830,000 as of June 30, 2023.
Express News | CPM Group H1 Revenue HKD 17.63 Million
Express News | CPM Group H1 Gross Margin 34.2%
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