Aowei Holding Reports Lower Mid-Year Profits

Aowei Holding Limited (HK:1370) has released an update.

Aowei Holding Limited reported a decline in revenue and gross profit for the first half of 2024, with revenues down 9% to RMB 323.7 million and gross profits falling 44.4% compared to the same period last year. The company also recorded a reduced net loss of RMB 50.6 million, improving slightly from last year’s RMB 65.7 million loss. No interim dividends have been declared by the board.

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