Futubull news: Anhui Xinke New Materials (600255.SH) released its 2024 mid-year report, with revenue of 1.851 billion yuan, a year-on-year increase of 29.54%. The net profits attributable to shareholders of the listed company were 34.1133 million yuan, and the net profits after deducting non-recurring gains and losses were 29.1072 million yuan, a year-on-year turnaround from loss to profit. Basic earnings per share were 0.02 yuan/share.

In the first half of 2024, the company's controlling subsidiary Xinke Copper Technology realized increased profits through capacity release and product structure adjustment, Guangxi Xinke achieved a reduction in losses through capacity climbing, and wholly-owned subsidiary Xingu realized a turnaround after relocation and transformation. At the same time, the company deepened comprehensive budget management, promoted refined management, and specialized in reducing costs and expenses, achieving effective cost and expense control.