Zhengwei Group (02147) announced interim results. Shareholders' losses of 40.57 million yuan turned profit into loss year-on-year

According to the Zhitong Finance App, Zhengwei Group (02147) announced interim results for the six months ended June 30, 2024. The group obtained revenue of RMB 298 million (same unit), an increase of 55.49% over the previous year; losses attributable to the company's owners were RMB 40.57 million, and profit of RMB 29.662 million in the same period last year; a loss of 0.05 yuan per share.

According to the announcement, the increase in revenue was mainly due to increased sales of dried mountain herbs, seasonings, etc.

The six months of fiscal year 2024 turned profit into loss mainly due to an increase in direct material costs, where the increase in sales costs exceeded the increase in revenue.