Summary by Futu AI
CMS Holdings Ltd. announced the unaudited interim performance for the six months ended June 30, 2024. Revenue decreased by 21.7% year-on-year to RMB 361.11 million. Gross profit decreased by 25.2% year-on-year to RMB 269.65 million. During the period, net profit attributable to shareholders decreased by 52.8% year-on-year to RMB 90.34 million. Basic earnings per share decreased by 52.3% year-on-year to RMB 0.3734. The company declared an interim dividend of RMB 0.1507 per share, a decrease of 51.9% year-on-year. The company stated that the national centralized procurement has had a negative impact on performance, but the negative impact on the company has been basically digested. The company will continue to promote the layout of innovative products, clinical development progress, launch more innovative products for sales, and drive the group to achieve sustained high-quality development. In addition, Mr. Chen Hongbing resigned as Chief Operating Officer and Vice President, and was appointed as a non-executive director and senior consultant by the company.