Hangcha Group (603298.SH) released its semi-annual performance with a net profit of 1.007 billion yuan, a year-on-year increase of 29.29%.

Hangcha Group (603298.SH) disclosed its interim report for the first half of 2024, reporting an operating income of 8.554 billion yuan, a year-on-year increase of 3.74%. The net profit attributable to the company's shareholders was 1.007 billion yuan, an increase of 29.29% year-on-year. The net profit attributable to the company's shareholders after deducting non-recurring gains and losses was 987 million yuan, an increase of 29.33% year-on-year. The basic earnings per share were 0.77 yuan/share. During the reporting period, the company accelerated the transformation of new and old kinetic energy, maintained a strong growth in benefits far greater than revenue growth through innovative measures such as product structure adjustment and industrial transformation and upgrading, especially under the leadership of the new energy strategy. Various departments of the company collaborated, and various industries developed synergistically, achieving significant growth in external business in industries such as intelligent logistics, lithium battery components, high-altitude equipment, and the aftermarket.