Summary by Futu AI
Kinetic Dev Group Limited announced its interim performance for the six months ended June 30, 2024, showing a 69.7% increase in revenue over the same period last year, reaching RMB 253.24 million. Gross profit and gross margin reached RMB 155.47 million and 61.4%, respectively, significantly higher than the same period last year. After-tax surplus and net profit margins also increased by 90.7% and 4.8 percentage points, reaching RMB 108.52 million and 42.9%, respectively. Basic and diluted earnings per share were RMB 13.00 and the interim dividend per share was HKD 0.04. The company's operations are stable and actively expanding diversified subsidiary businesses based on its coal main business. The company's management maintains a cautious optimism for future operating cash inflows and financing capabilities, and will continue to monitor liquidity conditions to ensure the ability to cope with future capital expenditures and debt repayments.