Shuanghua Holdings Reports Mid-Year Loss

Shuanghua Holdings Ltd. (HK:1241) has released an update.

Shuanghua Holdings Limited reported a significant shift in its financial performance for the first half of 2024, with an unaudited loss of RMB 3,183,000 compared to a modest profit of RMB 204,000 in the same period the previous year. This downturn is reflected in both the company’s gross profit and earnings per share, which dropped from a profit of 0.03 cents to a loss of 0.05 cents. The company’s revenue, however, did see a notable increase from RMB 28,701,000 to RMB 60,563,000, despite the overall loss.

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