Summary by Futu AI
Xinyi Glass Holdings Limited announced its interim results for the six months ended June 30, 2024, with revenue of HKD 1,180.72 million, a 6.4% decrease from the same period last year. However, the company's equity holders' attributable profit was HKD 272.99 million, a 27.1% increase from the same period last year, and earnings per share increased from HKD 0.521 to HKD 0.646. The company announced an interim dividend of HKD 0.31 per share. During the reporting period, the company's net cash flow from operating activities was HKD 214.38 million, while the total amount of cash and cash equivalents was HKD 133.75 million. The company announced after the reporting period that it would issue an interim dividend and provide a dividend reinvestment plan. Despite market challenges during the reporting period, Xinyi Glass maintained a reasonable level of profitability through diversified product distribution and global market coverage. The company will continue to invest in research and development and seek global expansion opportunities.