Hingtex Holdings (01968) released its interim performance for the six months ended June 30, 2024, and the group achieved revenue...
According to the Hingtex Holdings (01968) announcement, the group's interim performance for the six months ended June 30, 2024 showed a profit increase of HKD 0.11 billion, up 19% year-on-year. The company's attributable loss to shareholders decreased by HKD 17.144 million, a decrease of 11.9%, with a loss per share of HKD 2.68 cents.
Regarding internal work within the group, as elastic blended denim fabric remains the group's main product, accounting for 93.0% of total sales (first half of 2023: 85.7%), the management has been seeking to expand its product portfolio of elastic blended denim fabric. To achieve this goal, the technical personnel of the new dyeing production line have been creating samples with unique colors to cater to the European and American styles, thus increasing the likelihood that the denim products of the brand's customers will be more popular among consumers. In addition, two large dyeing and finishing machines imported from Germany and Italy respectively have been put into use. These assets have facilitated the launch of new products, exceeding the group's initial plans. It is worth noting that within China, the above-mentioned dyeing machines are only available through the group, thus providing the company with unique production and product development advantages for the management to fully utilize.