Shenguan Holdings Reports Soaring Profits Amid Revenue Dip

Shenguan Holdings (Group) Limited (HK:0829) has released an update.

Shenguan Holdings (Group) Limited reported a notable increase in profit attributable to owners, soaring by 580.2% for the first half of 2024, despite an 11.2% drop in revenue compared to the previous year. The company’s earnings per share also saw a significant jump of 525.0%, reflecting a stronger financial performance. However, operational challenges are evident with increased inventory turnover days for raw materials and finished goods, as well as a negative cash flow from operating activities.

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