Xingye Alloy Materials Group Limited (HK:0505) has released an update.
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Xingye Alloy Materials Group Limited reported a significant increase in revenue and profit for the first half of 2024. The unaudited consolidated results show revenue jumping to RMB 3.59 billion, up from RMB 2.81 billion for the same period in 2023, with profits after tax also rising to RMB 141.14 million from RMB 107.89 million. This financial growth is reflected in a higher earnings per share, which increased to 15.97 RMB cents from 12.13 RMB cents year-on-year.
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