China Lesso Group Holdings Limited announced the interim performance for the six months ended June 30, 2024. Compared with the same period last year, revenue decreased by 11.3% to RMB 13.564 billion, gross profit decreased by 12.5% to RMB 3.728 billion, net profit decreased by 29.2% to RMB 1.017 billion, and basic earnings per share was RMB 0.34, a decrease of 30.6%. The board of directors decided not to distribute interim dividends. During the reporting period, the revenue of the plastic pipe system business was RMB 11.219 billion, accounting for 82.7% of the total revenue. The revenue of the building materials and home furnishings business was RMB 1.08 billion, accounting for 8.0% of the total revenue. The revenue of the eco-friendly concept business was RMB 0.131 billion, and the revenue of the supply chain...Show More

China Lesso Group Holdings Limited announced the interim performance for the six months ended June 30, 2024. Compared with the same period last year, revenue decreased by 11.3% to RMB 13.564 billion, gross profit decreased by 12.5% to RMB 3.728 billion, net profit decreased by 29.2% to RMB 1.017 billion, and basic earnings per share was RMB 0.34, a decrease of 30.6%. The board of directors decided not to distribute interim dividends. During the reporting period, the revenue of the plastic pipe system business was RMB 11.219 billion, accounting for 82.7% of the total revenue. The revenue of the building materials and home furnishings business was RMB 1.08 billion, accounting for 8.0% of the total revenue. The revenue of the eco-friendly concept business was RMB 0.131 billion, and the revenue of the supply chain service platform business was RMB 0.769 billion. The revenue of the new energy fund business was RMB 0.157 billion. Capital expenditure was RMB 1.559 billion, mainly used for the improvement of production bases. As of the end of the reporting period, the total debt of the group was RMB 21.034 billion, and the debt-to-asset ratio was 46.8%. The group holds 26.11% of Xingfa Alum and 8.01% of Coda's equity, and increased its shareholding in Coda by approximately 1% during the reporting period. The group's financial investment was RMB 1.783 billion. At the end of the reporting period, the group employed approximately 21,000 employees, with a total employee cost of RMB 1.351 billion.