Zhitan Finance and Economics APP news, Shougang Cent (00103) announced its interim performance for the six months ending June 30, 2024, with a revenue of 1.261 billion Hong Kong dollars, a year-on-year increase of 2.08%; the attributable profit to shareholders was 42.523 million Hong Kong dollars, a year-on-year increase of 36.55%; and the basic earnings per share was 2.17 Hong Kong cents.

The announcement stated that the increase in revenue was due to the increase in demand for meridian tires. For the six months ending June 30, 2024, this division sold 0.1274 million tons of steel cord/wire products, up 14.3% from the same period last year when it reported 0.1115 million tons.