Summary by Futu AI
E-commodities (E-Commodities Holdings Limited) has released its mid-year performance report for 2024, showing that the company's earnings in the first half of 2024 increased by 7.25% compared to the same period in 2023, reaching HKD 1,985.4 million. Net profit increased from HKD 83 million in the first half of 2023 to HKD 89.5 million in the first half of 2024, a growth of 7.83%. The volume of supply chain trade also increased from 881.6 million tons in the first half of 2023 to 935 million tons in the first half of 2024. The total assets and equity amounted to HKD 1,803.6 million and HKD 935 million respectively, showing an increase and decrease compared to the first half of 2023. The report also mentions that the company does not include the sales volume of about 48.8 million tons of Mongolian coal traded through its joint venture company, Xianghui Energy. In addition, the report covers various aspects such as the company's financial status, operational funds and financial policies, risk factors, human resources, health, safety and environmental policies, as well as share incentive plans.
