Cofco Packaging announced its mid-year performance on June 30, 2024, with revenue growth of 4.8% compared to the same period last year, reaching approximately RMB 5.548 billion. Profit before tax, interest, depreciation, and amortization increased by 7.6%, and net profit during the period increased slightly by 1.2% to approximately RMB 0.275 billion. Basic earnings per share were RMB 0.240, a decrease of 2.3% from RMB 0.245 during the same period last year. The company announced that no dividends will be declared before the deadline. The board of directors of Cofco Packaging Holdings Co Ltd announced that unaudited financial data for the first half of the year showed that the overall financial situation of the company and its subsidiaries is robust. The company's main business is the manufacturing of...Show More

Cofco Packaging announced its mid-year performance on June 30, 2024, with revenue growth of 4.8% compared to the same period last year, reaching approximately RMB 5.548 billion. Profit before tax, interest, depreciation, and amortization increased by 7.6%, and net profit during the period increased slightly by 1.2% to approximately RMB 0.275 billion. Basic earnings per share were RMB 0.240, a decrease of 2.3% from RMB 0.245 during the same period last year. The company announced that no dividends will be declared before the deadline. The board of directors of Cofco Packaging Holdings Co Ltd announced that unaudited financial data for the first half of the year showed that the overall financial situation of the company and its subsidiaries is robust. The company's main business is the manufacturing of packaging products, and it has multiple operating subsidiaries and joint ventures in China. As for changes in the board of directors, Mr. Zhang Xin retired, Mr. Zhang Ye became the chairman of the board, and Mr. Qu Hongliang was appointed as executive director and general manager. The company emphasized that it will continue to pay attention to changes in the market, improve its core competitiveness, and promote the production and operation of overseas projects.