China Hongqiao Group Limited (the 'Company') has released its mid-year report for 2024, which covers the company's financial summary, Chairman's report, management discussion and analysis, and supplemental information. The report shows that as of June 30, 2024, the company's revenue reached approximately RMB 73.5 billion, a year-on-year growth of 12.0%; gross profit was approximately RMB 17.8 billion, a significant increase of 202.1% year-on-year. The company's shareholders' net profit was approximately RMB 9.15 billion, a year-on-year increase of 272.7%. Basic earnings per share were approximately RMB 0.966. During the period, the company continued to advance its high-quality development strategy and achieved impressive results in the face of the changing global economic situation. The board of directors of the company...Show More

China Hongqiao Group Limited (the 'Company') has released its mid-year report for 2024, which covers the company's financial summary, Chairman's report, management discussion and analysis, and supplemental information. The report shows that as of June 30, 2024, the company's revenue reached approximately RMB 73.5 billion, a year-on-year growth of 12.0%; gross profit was approximately RMB 17.8 billion, a significant increase of 202.1% year-on-year. The company's shareholders' net profit was approximately RMB 9.15 billion, a year-on-year increase of 272.7%. Basic earnings per share were approximately RMB 0.966. During the period, the company continued to advance its high-quality development strategy and achieved impressive results in the face of the changing global economic situation. The board of directors of the company has decided to distribute a mid-year dividend of HKD 0.59 per share for 2024. During the reporting period, the company conducted a series of transactions with related parties and conducted impairment tests on certain assets. The company disclosed capital and other commitments, including capital expenditures for the acquisition of properties, plants, and equipment, as well as investments in joint ventures, at the end of the reporting period.