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Zibuyu Group Expects Up to 842% Surge in H1 Profit
Zibuyu Group Expects Substantial Profit Growth
Zibuyu (02420.HK) Yingxi: It is expected that the net income in the first half of the year will increase by about 745%-842% year-on-year.
On August 1st, Glory Medical (02420.HK) announced that the group is expected to record a net income between about RMB 87 million and about RMB 97 million for the six months ending June 30, 2024, compared to a net income of about RMB 10.3 million for the six months ending June 30, 2023, an expected year-on-year increase of about 745% to 842%. This is mainly due to the following events: (i) continuous increase in income, resulting in corresponding increase in gross profit; (ii) reducing inventory levels and optimizing inventory structure, resulting in a decrease in warehousing costs; and (iii) adjusting personnel structure and improving operation efficiency.
Express News | Zibuyu Group - Expected Result Due to Decrease in Warehousing Costs, Others
Express News | Zibuyu Group Ltd Sees Net Profit in Range of RMB87 Mln to RMB97 Mln for Six Months
Express News | Zibuyu Group H1 Net Income RMB 87 Million
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