Luyuan Group Holdings (02451) announced interim results. Net profit of about 66 million yuan increased by about 9.6% year on year

Zhitongcaijing · 08/30 14:33

According to the Zhitong Finance App, Luyuan Group Holdings (02451) announced its 2024 interim results, with revenue of about RMB 2,534 billion, up about 3.2% year on year; gross profit of about RMB 303 million, up about 2.5% year on year; and net profit of about 66 million yuan, up about 9.6% year on year. Basic earnings per share were 16.2 points.

According to the announcement, the increase in revenue was mainly due to continued growth in sales. The increase in net profit is mainly due to increased sales volume of the Group's newly launched or upgraded products based on advanced technology and end-user insight, increased economies of scale, and expansion of the Group's distribution network.