Zhixin Group Holdings Limited ("the Company") announced its interim report for the six months ended June 30, 2024. The report shows that the interim revenue was approximately RMB 244.1 million, an increase of about 5.7% compared to the same period last year. Gross profit increased by about 38.9% to approximately RMB 45.5 million, but the interim profit was approximately RMB 1.2 million, a decrease of about 89.0% compared to the same period last year. The Group is mainly engaged in the manufacturing and supply of concrete building materials, as well as the business of comprehensive utilization of iron ore tailings and production of eco-friendly bricks in Changjiang, Hainan Province. The report points out that the increase in revenue is mainly due to the increase in revenue from...Show More

Zhixin Group Holdings Limited ("the Company") announced its interim report for the six months ended June 30, 2024. The report shows that the interim revenue was approximately RMB 244.1 million, an increase of about 5.7% compared to the same period last year. Gross profit increased by about 38.9% to approximately RMB 45.5 million, but the interim profit was approximately RMB 1.2 million, a decrease of about 89.0% compared to the same period last year. The Group is mainly engaged in the manufacturing and supply of concrete building materials, as well as the business of comprehensive utilization of iron ore tailings and production of eco-friendly bricks in Changjiang, Hainan Province. The report points out that the increase in revenue is mainly due to the increase in revenue from the recovery of iron ore tailings and the increase in revenue from pre-mixed concrete, but the market price competition of prefabricated concrete components led to a decrease in revenue. Looking forward, the Group is optimistic about the business prospects of the comprehensive utilization of iron ore tailings. The board of directors does not recommend the payment of interim dividends for the six months ended June 30, 2024.