Xinming China Reports Sharp Decline in Mid-Year Results

Xinming China Holdings Limited (HK:2699) has released an update.

Xinming China Holdings Limited reported a significant downturn in its financial performance for the first half of 2024, with revenue dropping by 66.2% and gross profit falling by 56.2% compared to the previous year. The company also experienced a 33.2% increase in losses, with a basic loss per share of RMB0.178, and has decided not to issue an interim dividend for the period.

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