Ruifeng Power Group Co., Ltd. (HK:2025) has released an update.
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Ruifeng Power Group Co., Ltd. reported a 26% increase in revenue, reaching 430,971 thousand RMB for the first half of 2024 compared to the same period in 2023, while the company’s net profit rose by 17.4%. Despite the revenue and profit growth, the gross profit margin declined slightly, and the company decided against issuing an interim dividend, a change from the previous year’s distribution of HK$1.5 cents per share. This performance indicator is crucial for investors tracking the company’s profitability and financial health.
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