tiprankstipranks
Ruichang International Posts H1 2024 Financials
Company Announcements

Ruichang International Posts H1 2024 Financials

Ruichang International Holdings Ltd. (HK:1334) has released an update.

Don't Miss our Black Friday Offers:

Ruichang International Holdings Ltd. has reported its unaudited interim financial results for the first half of 2024, indicating a decrease in net profit to RMB 11,525,000 from RMB 14,427,000 in the previous year. Despite a rise in revenue from RMB 211,772,000 to RMB 224,894,000, the company experienced a decline in gross profit margin from 36% to 33.5%. The company also presented an adjusted net profit figure, which excludes listing expenses, amounting to RMB 19,441,000 compared to RMB 21,968,000 in 2023.

For further insights into HK:1334 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App