China Weaving Materials Holdings Ltd. (HK:3778) has released an update.
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China Weaving Materials Holdings Ltd. reported an improvement in their financial results for the first half of 2024, with a gross profit of RMB 25,087,000 compared to the previous year’s RMB 8,980,000. Despite this, the company still experienced a loss of RMB 3,048,000 during the period, although this was a reduction from the RMB 9,617,000 loss in the first half of 2023. The company’s loss per share also decreased from RMB 0.77 to RMB 0.24.
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