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BEH — China International Holdings News Story

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China International Holdings half-year revenue and profit fall

China International Holdings half-year revenue and profit fall


Overview

  • China investment holding firm's half-year revenue declined yr/yr, gross profit also fell

  • Company posted a net loss for the six-month period

  • Gross profit for the half-year dropped sharply compared to prior year


Outlook

  • Company did not provide specific financial guidance or outlook for the current or future periods


Result Drivers

  • REVENUE DECLINE - Lower sales and services provided led to reduced revenue and gross profit

  • HIGH OPERATING EXPENSES - Elevated administrative and operating expenses contributed to net loss


Company press release: ID:nSNb2WVKH


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

RMB 35.62 mln

H1 Net Loss

RMB 4.98 mln

H1 Gross Profit

RMB 9.37 mln


Reuters Recommended Reads

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  • Aug 11 - Everbright Water 1H gross profit declines on chemical price fluctuations


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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