Is it difficult to lose weight? During the period, expenses have surged and gross margin has declined. Dayu Irrigation Group's performance in the first half of the year has not outperformed its business. | Interpretation of financial statements

1) Dayu Irrigation Group achieved a revenue of 1.216 billion yuan in the first half of the year, a year-on-year increase of 9.31%, and a net income of 18.86 million yuan, a year-on-year decrease of 22.98%; 2) During the reporting period, the company's financial expenses, sales expenses, and management expenses all showed significant increases; 3) The company's short-term borrowings amounted to 0.997 billion yuan, with a total of 2.476 billion yuan in notes payable and accounts payable, and only 1.058 billion yuan in cash on hand.

cls.cnAug 21, 2024 19:36 ET