Summary by Futu AI
Conch Cement has released its financial report for the first half of 2024. The report shows that the company's revenue in the first half of 2024 decreased by 30.44% compared to the same period in 2023, from 655,037.14 million yuan to 455,656.22 million yuan. Net profit also saw a significant decline, from 67,525.28 million yuan in the first half of 2023 to 34,863.19 million yuan, a decrease of 48.37%. In addition, the company's EBITDA also experienced a significant decline, from 26.21% in the same period last year to 19.89%. These declining financial indicators indicate that the company faced certain operational pressure during the reporting period. During the reporting period, Conch Cement's total assets decreased from 2,463,563.60 million yuan at the end of 2023 to 2,437,345.11 million yuan.