Xinming China Reports Revenue Surge Amid Loss Reduction

Xinming China Holdings Limited (HK:2699) has released an update.

Xinming China Holdings Limited reported a substantial increase in revenue for the first half of 2023, amounting to RMB 233 million, which is nearly nine times higher than the previous year. Gross profit also surged by 93.1% to RMB 35.9 million. Despite these gains, the company still experienced a net loss of RMB 251.5 million, although this loss decreased by 73.2% from the prior year.

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