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China Machinery Heavy Equipment Report for the Third Quarter of 2024
Sinomach Heavy Equipment Group (601399): Significant improvement in profitability, fruitful results in technology innovation.
Event: The company has released its 2024 interim report. In 2024H1, the company achieved revenue of 6.248 billion yuan, a year-on-year growth of 5.58%, and achieved a net income attributable to shareholders of 0.213 billion yuan, a year-on-year increase of 12.24%.
Sinomach Heavy Equipment's H1 Profit Rises 12%, Operating Income Up 6%
Sinomach Heavy Equipment Group 2024 Semi-Annual Report
Summary of Sinomach Heavy Equipment Group's semi-annual report for 2024.
Sinomach Heavy Equipment Group (601399.SH): Net income in the first half of the year was 0.213 billion yuan, a year-on-year increase of 12.24%.
On August 26th, SinoMach Heavy Equipment Group (601399.SH) released its semi-annual report, during the reporting period, the company's main operation indicators maintained growth, reaching a new high compared to the same period in history, and fully achieved the goal of 'time and tasks half done.' The company achieved a revenue of 6.248 billion yuan, a year-on-year increase of 5.58%; net income attributable to the shareholders of the listed company was 0.213 billion yuan, a year-on-year increase of 12.24%; and the new contract value reached 11.49 billion yuan, a year-on-year increase of 10.6%.
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