Shenghui Cleanness Reports Lower Mid-Year Profits

Shenghui Cleanness Group Holdings Limited (HK:2521) has released an update.

Shenghui Cleanness Group Holdings Limited reported a decrease in profit for the first half of 2024, with earnings per share dropping from 1.22 to 0.62 RMB cents compared to the same period last year. Despite a rise in revenue from 298,251 RMB’000 to 325,779 RMB’000, increased costs led to a lower gross profit and operating profit. The company’s total comprehensive income for the period also fell, reflecting a challenging half-year.

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