Summary by Futu AI
Cowell Holdings Limited (Cowell) released its interim report in 2024, showing itself as a precision optical module supplier for electronic mobile devices, focusing on product enhancement and technological innovation. During the reporting period, the first half of 2024, the global economy remained pessimistic, but the company's revenue recorded growth, reaching approximately $585.9 million, an increase of about 59.8% compared to the same period in 2023. Net profit was $16.6 million, slightly lower than the $17.5 million in the first half of 2023. The company continues to deepen its presence in the field of precision optical modules and demonstrates development potential in emerging areas such as smart driving, augmented reality (AR), and virtual reality (VR). As of June 30, 2024, the company had total assets of approximately $1,013.2 million, with a net value of current assets of about $191.9 million, and no recommendation to distribute interim dividends to support business development and maintain a leading market position.