Zhong An Group Posts Mixed Mid-Year Financials

Zhong An Group Limited (HK:0672) has released an update.

Zhong An Group Limited reported a significant revenue increase of 127.6% to RMB 9.28 billion for the first half of 2024, while gross profits soared by 161.7% to approximately RMB 1.83 billion compared to the same period last year. Despite these gains, the company experienced a 24.5% decline in profits and a sharp 61.4% drop in contracted sales. The Group’s debt-to-asset and net gearing ratios were maintained at reasonable levels, indicating stable financial leverage.

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