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Investors Could Be Concerned With Baoye Group's (HKG:2355) Returns On Capital
BAOYE GROUP: Interim Report 2024
Baoye Group Reports Decreased Mid-Year Profits
Baoye Group (02355.HK): The net profit for the first half of the year was 0.374 billion yuan, a year-on-year decrease of 47%.
On August 20, Guolong Hui announced on August 29 that Baoye Group (02355.HK) achieved a turnover of approximately RMB 12.771 billion for the six months ended June 30, 2024, a decrease of about 11% compared to the same period last year. The decrease in turnover was mainly due to a decrease in revenue from real estate development business. The owner's share of the company's profit was approximately RMB 0.374 billion, a significant decrease of about 47% compared to the same period last year. Earnings per share were approximately RMB 0.72, a significant decrease of about 46% compared to the same period last year. In the same period last year, a wholly-owned subsidiary of the company located in Wuhan, Hubei Province.
Express News | Baoye Group - Hy Profit Attributable RMB373.8 Mln Vs RMB704.7 Mln
Express News | Baoye Group Co Ltd - Not to Declare Any Payment of Interim Dividend
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