Zhong An’s H1 2024 earnings fall 24.5% YoY

Its EPS stood at RMB1.11 cents.

Zhong An Group saw its net profit for the six months ended June (H1 2024) contracted by 24.5% year-on-year (YoY) to $16.51m (RMB117.9m), mainly due to higher cost of sales.

Its earnings per share (EPS) for H1 2024 stood at $0.0016 (RMB1.11 cents), 68.2% lower than the $0.0049 (RMB3.49 cents) last year.

Profit attributable to owners of the parent stood at $8.75m (RMB62.5m), falling 8.2% YoY.

The group’s overall revenue increased more than two-fold (127.6% YoY) to $1.30b (RMB9.28b).

($1.00 = RMB0.14)