Zhitong Financial APP News, Kuang Shi Holdings (01925) released its interim results for the six months ended June 30, 2023. The group achieved an income of 302 million yuan (the same unit below), a decrease of 17.2% over the same period last year. The profit attributable to the owners of the company was 30.483 million yuan, an increase of 49.26% over the same period last year, and earnings per share were 7.5%.
The decline in revenue was mainly due to slight delays in purchase orders from a small number of major customers, the announcement said. The level of purchase orders received by the Group in 2023 is similar and the Group has completed more purchase orders after June 2023 to bridge the income gap reflected in the six months ended 30 June 2023.