Huabao International Holdings (HK:0336) has released an update.
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Huabao International Holdings Limited has reported a decline in revenue and profits for Huabao Flavours & Fragrances Co., Ltd. for the first half of 2024, with revenue down by 4.52% and net profit decreasing by 47.56% compared to the previous year. The financial update, which also indicated a significant 62.69% drop in net cash flow from operating activities, underscores challenges faced by the subsidiary listed on the ChiNext Market of the Shenzhen Stock Exchange.
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