On August 8th, Gelonhui announced its semi-annual report for 2024. During the reporting period, the company's main revenue was 0.724 billion yuan, a year-on-year increase of 5.23%. The net profit attributable to the parent company was 55.0514 million yuan, a year-on-year increase of 66.88%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 44.8019 million yuan, a year-on-year increase of 40.51%. The basic earnings per share were 0.20 yuan.
Benefiting from the construction of infrastructure and mining projects in Tibet, Gaozheng Explosive's main business in the civilian explosive equipment sector has further increased compared to the same period last year. At the same time, the company has achieved initial results in cost reduction and efficiency increase, and received government subsidies for high-quality development funds, achieving steady growth in net income attributable to the parent company.