Shenzhou International Reports Soaring Profits

Shenzhou International Group Holdings (HK:2313) has released an update.

Shenzhou International Group Holdings Limited reported a robust performance for the first half of 2024, with sales jumping 12.2% to approximately RMB 12.98 billion and net profit soaring by 37.8% to around RMB 2.93 billion compared to the same period last year. The significant profit increase is attributed to better capacity utilization and improved efficiency in new overseas factories. The company also announced a substantial interim dividend hike of 31.6%, reflecting its strong financial health.

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