Huajin International Holdings (02738) announced interim results. Profit attributable to shareholders of RMB 16.885 million decreased by 57.19% year-on-year

According to the Zhitong Finance App, Huajin International Holdings (02738) announced results for the six months ended June 30, 2024. The group achieved revenue of 3.206 billion yuan (RMB, same below) during the period, an increase of 7.72% over the previous year; profit attributable to company owners was 16.885 million yuan, a decrease of 57.19% year on year; basic profit per share was 2.81 points.

According to the announcement, sales volume of cold-rolled steel products increased by 36,400 tons or 9.5% from 383,600 tons in the first half of 2023 to 420,000 tons in the first half of 2024. Sales of galvanized steel products decreased by 13,300 tons or 4.9% from 272,200 tons in the first half of 2023 to 258,900 tons in the first half of 2024. As a result, in the first half of 2024, the total sales volume of cold-rolled steel products and galvanized steel products was 678,900 tons, an increase of 23,000 tons or 3.5% over 655,800 tons in the first half of 2023.