Wise Finance APP News, China Construction (02503) announced its 2024 interim performance, with revenue of approximately 0.379 billion yuan, a 23.55% year-on-year decrease; gross profit of 21.673 million yuan, a 24.08% year-on-year decrease; net profit of 0.335 million yuan, a 96.89% year-on-year decrease; earnings per share of 0.07 cents.

The announcement stated that the decrease in revenue was mainly due to a reduction in revenue-generating construction projects. The decrease in profits was mainly due to the decrease in revenue and gross profit, as well as an increase in administrative expenses during the period.