Hengdeli Holdings Reports Improved Profit Margins

Hengdeli Holdings (HK:3389) has released an update.

Hengdeli Holdings Limited reported a 14.1% decrease in revenue for the first half of 2024 compared to the previous year, with gross profit margin improving slightly by 100bps. Despite the lower revenue, the company saw a turnaround with a profit of RMB 499,000 for the period after a loss in the previous year, although there was a 26.1% increase in the loss attributable to equity shareholders.

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