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