JOINN Labs Reports Significant Interim Losses

JOINN Laboratories (China) Co., Ltd. Class H (HK:6127) has released an update.

JOINN Laboratories (China) Co., Ltd. reported a challenging interim financial performance for the first half of 2024, with a significant decrease in revenue and gross profit by 16.1% and 52.8% respectively, compared to the same period in 2023. The company also faced a substantial loss for the period, with a 292.4% negative swing from the previous year’s profit. Despite these setbacks, the net assets attributable to equity shareholders saw a slight decline of just 1.3%.

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