Yihai International Posts Mixed Mid-Year Financials

Yihai International Holding Ltd. (HK:1579) has released an update.

Yihai International Holding Ltd. reported a mixed financial performance for the first half of 2024 with a revenue increase of 11.9% to RMB 2.93 billion, contrasted by decreases in net profit and earnings per share, which dropped by 13.8% and 13.1%, respectively. Despite the growth in gross profit, the company saw a significant 16.9% decline in operating profit during the same period. The company’s total assets also saw a decrease from the previous year-end, indicating a challenging financial landscape.

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