GHPC (01847) announced its mid-year performance in 2024, with production and sales of ready-mixed concrete totaling 1.079 million cubic meters, a decrease of 53.7% year-on-year; total revenue is approximately 0.354 billion yuan, a decrease of 52.1% year-on-year; gross profit is 27.2 million yuan, a decrease of 63.3% year-on-year; net loss attributable to the owners of the parent company is 25.5 million yuan, an expansion of 96.2% year-on-year; basic loss per share is 0.06 yuan.

The announcement stated that the decline in revenue is mainly due to the contraction of the concrete market in the construction industry and increased competition, resulting in a decrease in the sales volume of ready-mixed concrete by 53.7% and the average selling price by 2.6%.