Zhitong Financial APP News, Jinda Holdings (00528) released its interim results for the six months ended June 30, 2023. The group achieved an income of 821 million yuan (the same unit below), a decrease of 14.17% over the same period last year. The profit attributable to the owners of the parent company was 67.549 million yuan, down 18.12% from the same period last year, and earnings per share was 0.11 yuan.
The announcement said that the decrease in revenue was mainly due to weak demand in the export market, particularly in the European Union, during the review period, resulting in a decrease in the amount of linen yarn sold, but was offset by an increase in the average selling price of flax yarn, the introduction of Ruiyou flax products, organic hemp yarn and the appreciation of the US dollar against the RMB.