Huazhong In-Vehicle Reports Mixed Mid-Year Results

Huazhong In-Vehicle Holdings Company Limited (HK:6830) has released an update.

Huazhong In-Vehicle Holdings Company Limited reported a revenue decline of 10.4% for the first half of 2024 compared to the previous year, despite a 17.5% increase in profit attributable to owners. The company also saw an improvement in gross profit margin to 29.0% and a basic earnings per share growth to approximately RMB1.03 cents, but it will not be declaring an interim dividend for this period.

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