Summary by Futu AI
Jiuhai Resources Group Co., Ltd. ("Jiuhai Resources") announced on August 23, 2024, that it is expected to record a net profit of approximately RMB 790 million for the six-month period ending on June 30, 2024, an increase of about 50% from the same period in 2023. This growth is mainly due to the increase in average selling price leading to an increase in gross profit, as well as an increase in interest income from the balance of cash and cash equivalents. However, these figures have not yet been fully reviewed by independent auditors, and the final numbers may be adjusted. Jiuhai Resources will announce detailed mid-term performance by the end of August 2024.