Henan Jinma Energy Faces Challenging Half-Year

Henan JinMa Energy Co. Ltd. Class H (HK:6885) has released an update.

Henan Jinma Energy Co. Ltd. reports a significant loss of RMB 157 million for the six-month period ending June 30, 2024, a stark contrast to the profit reported in the same period the previous year. The company’s interim results show a decrease in gross profit and a basic loss per share of RMB 0.29. These financial highlights indicate a challenging half-year for the company, with revenue at RMB 6.3 billion failing to translate into profitability.

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