C HIGHPRECISION (00591) announces its interim financial results, with a net profit of 15.81 million yuan.

28/02/2025

China High Precision (00591) released its six-month performance ending December 31, 2024. The revenue was 116 million...

C HIGHPRECISION (00591) announced its six-month performance for the period ending on December 31, 2024, with revenue of 116 million yuan, representing a year-on-year increase of 60.3%; net profit of 15.81 million yuan, compared to a loss of 5.68 million yuan in the same period last year; and basic earnings per share of 1.52 cents. During this period, the increase in group revenue was mainly due to the increase in sales of industrial automation instrument products and related entrusted processing services for automation instruments and technical products. Although the group's revenue shows signs of recovery, the slowdown in economic growth continues to bring various challenges to the industrial automation instrument sector.

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