Yihai International Holding Ltd. (HK:1579) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into HK:1579 stock, check out TipRanks’ Stock Analysis page.