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CM Hi-Tech Reports Growth Amidst Profitability Challenges
Company Announcements

CM Hi-Tech Reports Growth Amidst Profitability Challenges

Channel Micron Holdings Company Limited (HK:2115) has released an update.

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CM Hi-Tech Cleanroom Limited reported a 22.4% increase in revenue for the first half of 2024 compared to the same period last year, despite a decline in gross profit and net profit margins by 11.1% and 29.1% respectively. The earnings per share also dropped from 2.20 to 1.56 RMB cents. These mixed results reflect the company’s growth in sales but also hint at challenges affecting profitability.

For further insights into HK:2115 stock, check out TipRanks’ Stock Analysis page.

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