Summary by Futu AI
SKYWORTH GROUP announced its interim performance for the six months ending on June 30, 2024, with a total turnover of RMB 301.53 billion, a decrease of 6.6% compared to the same period last year. Gross profit recorded RMB 42.89 billion, a year-on-year increase of 2.2%. Net profit for the period was RMB 7.14 billion, an increase of 15.9% compared to the same period last year, and shareholders' share of net profit increased by 27.2% to RMB 3.84 billion. Despite facing global economic volatility and weak market demand, SKYWORTH GROUP has maintained stable business growth by optimizing costs and improving resource efficiency. The board of directors has decided not to distribute interim dividends for this period to meet future funding needs. The company continues to invest in research and development, promote the development of smart home appliances and new energy businesses, and actively expand overseas markets. SKYWORTH GROUP stated that it will continue to monitor market changes, adjust its operational strategies, and enhance brand competitiveness.