Zhuoer Zhilian (02098) announced interim results, profit attributable to shareholders of 498.17 million yuan, an increase of 122.76% year-on-year

According to the Zhitong Finance App, Zhuoer Zhilian (02098) announced the results for the six months ended June 30, 2024. The group achieved revenue of 68.276 billion yuan (RMB, same below) during the period, an increase of 24.29% over the previous year; profit attributable to the company's equity shareholders was 498.17 million yuan, an increase of 122.76% year on year; basic profit per share was 0.4 points.

According to the announcement, the increase was mainly due to increased revenue from supply chain management and trade operations. For the six months ended June 30, 2024, the Group's revenue from supply chain management and trade business contributed about 99.7% of the Group's total turnover, an increase of about 24.5% over the same period last year, due to the expansion of the supply chain management and trade business.

The Group's core project, Hankou North International Trade City (Hankou North), has now formed 30 large-scale comprehensive professional market clusters for small products, branded clothing, hotel supplies, used cars, fresh ingredients, etc., and has built themed commercial districts such as Hankou Town, Wanguo Town, Wuhan 1980, Carnival Theme Park, etc., and characteristic commercial towns such as Flower Town, Taste Town, and famous car town, as well as modern supply chain projects such as Pu Quay, Fisherman's Wharf, and Spicy Stock Exchange to accelerate the construction of “China's largest and world-leading” logistics management center and trading platform.