According to the Futubull Financial app, Changan Rh (08139) announced its mid-term performance for 2024, with revenue increasing by 20.2% year-on-year to approximately RMB 91.123 million. Gross margin increased by 23.2% year-on-year to approximately RMB 37.184 million. Equity holders of the company saw a decrease of 30.4% year-on-year in net profit attributable to them, to approximately RMB 2.805 million, and earnings per share were RMB 0.073.

The announcement stated that gross margin increased to 40.8% mainly due to changes in the sales product mix and lower average cost of raw materials and energy compared to last year, resulting in lower selling costs for the period.