China Sanjiang Fine Chemicals Co., Ltd. (HK:2198) has released an update.
China Sanjiang Fine Chemicals Co., Ltd. reported a remarkable turnaround in their 2024 interim results, with revenue soaring over 100% to RMB 9.239 billion and a significant shift from a gross loss to a 4.2% profit margin. This financial rebound is attributed to the successful operation of their new production facilities, which enhanced efficiency and product output, despite the decision to withhold an interim dividend for liquidity purposes. The company’s strategic adjustments and efficiency improvements position it well in the face of ongoing economic recovery and sector challenges.
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