Tingyi Holding Reports Solid Mid-Year Financial Growth

Tingyi (Cayman Islands) Holding (HK:0322) has released an update.

Tingyi (Cayman Islands) Holding Corp. reports a steady increase in its interim financial results for the six months ending June 30, 2024, with revenue and gross profit rising by 0.7% and 7.8% respectively, and a significant 16.2% jump in profit for the period. Earnings per share also saw an increase, going from 29.07 RMB cents to 33.46 RMB cents. The company’s cash reserves have also grown, reflecting a strong financial position.

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