China Innovation Posts Strong Mid-Year Financials

China Innovation Investment Limited (HK:1217) has released an update.

China Innovation Investment Limited has reported a significant increase in both turnover and revenue for the first half of 2024, with a turnover of approximately HK$269.66 million compared to HK$77.028 million in the same period of 2023. The company’s revenue climbed to HK$11.843 million, driven by dividend income, net realized gains on investment disposals, and despite a net unrealized holding loss. The period ended with a profit for the company of HK$8.109 million, a slight increase from the previous year’s HK$7.136 million.

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