China Ruyi Holdings Reports Remarkable Turnaround

China Ruyi Holdings Limited (HK:0136) has released an update.

China Ruyi Holdings Limited reported a significant improvement in their financial performance for the first half of 2024, with revenue more than doubling to RMB 1.84 billion and a notable turnaround to an adjusted net profit of RMB 863 million, from a loss the previous year. The company’s adjusted EBITDA also rose sharply to RMB 1.379 billion, marking a solid increase in profitability and operational efficiency.

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