Pencil Limited ("the Company") announced its unaudited interim results for the six months ended June 30, 2024. During the period, revenue decreased from RMB 16,823.33 million in the same period last year to RMB 16,304.7 million, while gross margin increased from RMB 8,556.8 million to RMB 8,832.03 million, resulting in a gross margin rate of 54.2%. Net profit for the period showed significant growth, increasing from RMB 814.76 million to RMB 2,777.39 million, while adjusted net profit (excluding the International Financial Reporting Standards) increased from RMB 2,880.4 million to RMB 3,490.97 million. The Company repurchased and cancelled 35,871,000 shares during the reporting period, at a total cost of approximately HKD 154,115,000. The Company maintains a sound financial condition, with net current assets decreasing from RMB 1,048.6 million to RMB 889.5 million, mainly due to an...Show More

Pencil Limited ("the Company") announced its unaudited interim results for the six months ended June 30, 2024. During the period, revenue decreased from RMB 16,823.33 million in the same period last year to RMB 16,304.7 million, while gross margin increased from RMB 8,556.8 million to RMB 8,832.03 million, resulting in a gross margin rate of 54.2%. Net profit for the period showed significant growth, increasing from RMB 814.76 million to RMB 2,777.39 million, while adjusted net profit (excluding the International Financial Reporting Standards) increased from RMB 2,880.4 million to RMB 3,490.97 million. The Company repurchased and cancelled 35,871,000 shares during the reporting period, at a total cost of approximately HKD 154,115,000. The Company maintains a sound financial condition, with net current assets decreasing from RMB 1,048.6 million to RMB 889.5 million, mainly due to an increase in time deposits with an initial term of over three months. The Company successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on January 9, 2023, and raised approximately HKD 113.2 million in net proceeds from the global offering, with no change in the intended use of funds. The Board of Directors believes that Mr. Xiaolong Zhang's dual roles as Chairman and Chief Executive Officer are beneficial to the management of the Group and that he has complied with all applicable provisions of the Corporate Governance Code.