China Chengtong Reports Decline in H1 2024 Revenue

China Chengtong Development Group Limited (HK:0217) has released an update.

China Chengtong Development Group Limited reported a 13% decrease in revenue to HK$323.47 million for the first half of 2024 amidst a challenging economic environment, impacting its leasing business and real estate investments. Although the company maintained its gross profit margin at 37%, the profit before and after tax fell significantly, and no interim dividend was declared. The financial position remained stable with a slight 3% net asset reduction due to RMB depreciation.

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