China High Precision (00591) announced interim results for the six months ended December 31, 2023. Group revenue holders...
According to the Zhitong Finance App, China High Precision (00591) announced interim results for the six months ended December 31, 2023. The group's revenue was RMB 72.56 million (same unit), up 2.52% year on year; shareholders should have accounted for a loss of 5.68 million yuan, an increase of 84% year on year; loss per share was 0.55 points.
According to the announcement, the increase in revenue was mainly due to increased sales of industrial automation instrument products. However, the Group is still adversely affected by the global economic slowdown and the COVID-19 pandemic, causing large-scale projects in China to continue to be delayed (especially in the petroleum and petrochemical industries), and market demand for industrial automation instruments and technical products, and watches continues to fall.