On August 23, Gelunhui reported that Sunway Co., Ltd. (603333.SH) released its semi-annual report. During the reporting period, the company achieved revenue of 729.858 million yuan, a decrease of 27.50% year-on-year, and a net loss attributable to the owners of the listed company of -2.5671 million yuan, a decrease of 110.88% year-on-year.

In the first half of 2024, affected by changes in the domestic and international economic situation and the drastic fluctuations in the prices of bulk raw material copper, customers remained cautious, and the overall demand for the domestic wire and cable market declined. The industry competition intensified, leading to a decrease in the company's wire and cable orders compared to the same period last year. The decrease in revenue year-on-year, with the main reason being that the operating performance during the reporting period did not meet expectations, especially in the first quarter.