Summary by Futu AI
On June 30, 2024, Smoore Intl announced its mid-year performance for the six months ended on the same day. The report shows that the group's revenue decreased by 1.7% compared with the same period last year, to RMB 5,037,242 thousand; gross profit increased by 3.2%, to RMB 1,914,597 thousand. The gross margin increased from 36.2% in the same period last year to 38.0%. The net profit for the period was RMB 683,198 thousand, a decrease of 4.8% compared with the same period last year. Total assets increased by 4.0% to RMB 26,540,994 thousand. The sales revenue of own-brand business increased significantly by 71.9% to RMB 1,115,607 thousand, indicating strong growth in the group's own-brand business. In addition, the group's performance in the US market has also improved. During the reporting period, the group continued to promote cost reduction and efficiency enhancement, and expand market layout globally to support long-term growth. The group declared an interim dividend of 5 Hong Kong cents per share.