On August 26th, Gelonghui announced its interim performance. In the first half of 2024, the revenue of Billion Ind reached RMB 10.62 billion, up 41.5% from the same period last year. The profit in the first half of 2024 reached RMB 0.327 billion, an increase of 62.4% from the same period last year. Earnings per share reached RMB 0.15.

During the review period, the Group's gross margin reached RMB 0.732 billion, an 85.0% increase year-on-year. The sales volume during the review period increased by 44.2% compared to the first half of 2023. The average selling price per ton of product decreased from RMB 7,724 in the first half of 2023 to RMB 7,583 during the review period, a decrease of RMB 141 per ton on average, or 1.8%. The average cost per ton of product also decreased from RMB 7,317 in the first half of 2023 to RMB 7,060 during the review period, a decrease of RMB 257 per ton on average, or 3.5%. As a result, the average gross margin per ton of product increased from RMB 407 in the first half of 2023 to RMB 523 during the review period. The gross margin increased from 5.3% in the first half of 2023 to 6.9% during the review period, an increase of 1.6 percentage points.