Zhitong Finance APP News, China Fortune New Materials (02439) released its interim performance for the six months ended June 30, 2024. The group's revenue increased by 8.58% to 0.197 billion yuan (RMB, the same below) compared to the same period last year; the shareholders' net profit increased by 25.3% to 47.834 million yuan; and the basic earnings per share were 4.78 cents.

The announcement stated that the good performance in revenue was due to the continuous demand for biodegradable plastics, the effectiveness of policies and regulations, and the fundamental change in the dining and consumption habits of local residents in China (from dining out to home cooking and/or ordering takeout), driving the increase in sales of the group's biodegradable plastic products (including biodegradable trash bags and biodegradable shopping bags).