Summary by Futu AI
As of the six months ending September 30, 2024, Lijin Technology reported a revenue of HKD 2.594 billion, a year-on-year decrease of 5.8%; gross profit reached HKD 0.745 billion, representing a year-on-year increase of 3.3%, with the gross margin rising to 28.7%. Operating profit was HKD 0.217 billion, down 20.6%; profit for the period was HKD 0.166 billion, down 19.1%. Basic and diluted earnings per share were HKD 10.9 cents, reflecting a year-on-year decline of 26.8%. Management indicated that the revenue from the die-casting machine business decreased by 18.7%, while the dkm injection machine and CNC machining center businesses grew by 30.1% and 13.7% respectively. The company continues to invest in technological innovation, developing over 10,000 tons of dual-pressure die-casting machines and TPI semi-solid magnesium alloy die...Show More