CRCC High-Tech Equipment Corporation (01786) said its profit attributable to owners of the parent for the six months ended 30 June 2016 dropped 4.85% year-on-year to Rmb215 million.
The decrease in the profit attributable to owners of the parent was mainly due to the decrease in gross profit as a result of decline in revenue and increase in administrative expenses, which was partially offset by the increase in other income and gains.
Basic and diluted earnings per share were Rmb0.14.
The revenue was Rmb1,661 million, a decrease of 7.47% from a year earlier.
The Group's gross profit margin increased from 23.45% to 25.05%. The change in gross profit margin was mainly due to the change of gross profit structure of each business line and the efforts in continuous cost reduction and efficiency enhancement.
No interim dividend will be distributed.
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