Qidian International Co., Ltd. (HK:1280) has released an update.
Qidian International Co., Ltd. reports a challenging interim period, with a significant drop in profit to a loss of nearly 38 million RMB for the first half of 2024, compared to a profit of 85.5 million RMB in the same period the previous year. The company’s total assets have also decreased sharply from 313.7 million RMB to 134.3 million RMB, reflecting a tough financial situation. These results highlight a substantial decrease in gross profit margin and basic earnings per share, indicating a period of financial downturn for the company.
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