Cogobuy Group Reports Mixed Mid-Year Financials

Cogobuy Group (HK:0400) has released an update.

Cogobuy Group reported an 11.9% revenue increase to RMB 4,321.4 million for the first half of 2024, driven by growing demand in AI and chip technologies. Despite the revenue uptick, the company experienced a 5.1% decline in gross profit and a 7.9% drop in profit from operations, although net profit slightly increased by 0.6%. The Group continues to innovate in AIoT and chip application solutions to meet the needs of downstream innovation enterprises.

For further insights into HK:0400 stock, check out TipRanks’ Stock Analysis page.