Chanjet Reports Revenue Growth Amidst Net Loss

Chanjet Information Technology Co., Ltd. Class H (HK:1588) has released an update.

Chanjet Information Technology Co., Ltd. has reported a significant shift in its financial performance for the first half of 2024, with a revenue increase of 21% to RMB 452,883,000 but a net loss of RMB 9,879,000 compared to a profit in the previous year. This loss is attributed to the absence of gains from disposal of a business segment and a fair value loss on unlisted equity investments, differing from the prior year’s gain. The board has decided not to distribute an interim dividend for this period.

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