Jiangxi Guotai Group (603977.SH) disclosed its investor relations activity record, showing that in the first half of 2024, the civilian explosives industry as a whole presented a trend of shrinking and declining, but under the drive of the continuous decrease of major raw material prices and the increasing demand in the western regional market, the overall profitability of the industry remained stable and the investment in enterprise safety was guaranteed. According to data released in the industry briefing, in the first half of 2024, the cumulative production and sales value of civilian explosive production enterprises were 19.255 billion yuan and 18.784 billion yuan respectively, down 5.49% and 6.70% year-on-year. The cumulative total profit was 6.785 billion yuan, up 11.47% year-on-year; and the cumulative blasting service revenue was 15.082 billion yuan, up 2.60% year-on-year.
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国泰集团(603977.SH):上半年民爆行业总体呈现缩量下行态势 行业总体利润保持稳定增长
Jiangxi Guotai Group (603977.SH): Overall, the civilian explosives industry showed a trend of decreasing volume in the first half of the year, while the overall industry profits remained stable and grew.
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