Summary by Futu AI
In the first half of 2024, Dongyue Group achieved significant operational results in a complex domestic and international economic environment by seizing policy changes and industry advantages. Due to quota restrictions on supply in the refrigerant business, demand remained stable, product prices continued to rise, driving revenue growth. In addition, the group accelerated the construction of research projects, with basic completion of 26 high-end applied materials projects, expected to bring new growth points to the group's performance. The group also implemented cost control measures and expedited the disposal of real estate business. For the six months ended June 30, 2024, the group recorded revenue of approximately RMB 7,261,012,000, with a gross margin increasing to 19.83%, comprehensive division profit margin at 8.97%, operational profit margin at 9.37%, pre-tax profit of approximately RMB 672,878,000, and net profit of approximately RMB 395,208,000.