Zhejiang Shibao announced its unaudited mid-year performance as of June 30, 2024, showing that the company and its subsidiaries' operating income increased by 54.73% compared to the same period last year, reaching approximately 1.126 billion yuan. During the same period, the net profit attributable to the shareholders of the listed company increased significantly by 237.18%, reaching approximately 66.9 million yuan. In addition, the net profit excluding non-recurring gains and losses increased by 652.24%, demonstrating the strong growth of the company's core business. The net cash flow from operating activities also turned positive, increasing by 125.21%. Both basic earnings per share and diluted earnings per share significantly increased to 0.0830 yuan, and the weighted average return on net assets also increased from 1.41% to 3.99%. The total assets and...Show More

Zhejiang Shibao announced its unaudited mid-year performance as of June 30, 2024, showing that the company and its subsidiaries' operating income increased by 54.73% compared to the same period last year, reaching approximately 1.126 billion yuan. During the same period, the net profit attributable to the shareholders of the listed company increased significantly by 237.18%, reaching approximately 66.9 million yuan. In addition, the net profit excluding non-recurring gains and losses increased by 652.24%, demonstrating the strong growth of the company's core business. The net cash flow from operating activities also turned positive, increasing by 125.21%. Both basic earnings per share and diluted earnings per share significantly increased to 0.0830 yuan, and the weighted average return on net assets also increased from 1.41% to 3.99%. The total assets and the net assets attributable to the shareholders of the listed company increased by 4.38% and 27.96% respectively. The company stated that the performance growth was mainly due to the accelerated trend of electrification and smartification of automobiles, as well as the increase in market share of China's domestic passenger vehicles. The company will continue to focus on its core business and promote the marketization of electrification and smartification of automotive steering system products in the future.