Sichuan Baicha Baidao Industrial Co., Ltd. Class H (HK:2555) has released an update.
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Sichuan Baicha Baidao Industrial Co., Ltd. reported a decline in revenue and profits for the first half of 2024, with a 10% decrease in revenue and significant drops in profit before taxation and net profit compared to the same period in 2023. The company’s earnings per share also fell, reflecting a challenging half-year with reduced income across sales of goods, equipment, and royalties. Despite these challenges, the company has implemented supportive policies for franchisees to adapt to shifting consumer behaviors.
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