China PengFei Group Limited (HK:3348) has released an update.
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China PengFei Group Limited has reported a significant dip in financial performance for the first half of 2024, with revenue falling by 25% and profit before tax down by 51% compared to the same period last year. The company’s earnings per share also decreased to RMB 6.26, underlining a challenging semester for the group amid unspecified difficulties. Investors are taking note as the company navigates through this downturn, reflecting a nearly halved profit attributable to owners.
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