Sunshine 100 Reports Significant Mid-Year Losses

Sunshine 100 China Holdings Ltd. (HK:2608) has released an update.

Sunshine 100 China Holdings Ltd reports a challenging first half of 2024 with a significant loss of RMB1,676.6 million compared to the previous year, and a negative gross profit margin of 15.2%. The company’s total assets stand at RMB49,632.0 million, yet it faces a total deficit attributable to equity shareholders of RMB2,082.2 million. Amid these financial difficulties, the Board has decided not to issue an interim dividend for the period.

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