GEM Company Reports Record-Breaking First Half 2024 Results: Revenue Up 34%, Net Profit Jumps 70%

Published: Aug 30, 2024 17:55

Save

[GEM Announcement of Financial Report] In the first half of 2024, the company witnessed a significant capacity release, with robust production and sales. Both operating revenue and net profit reached record highs, achieving an operating revenue of RMB 17.338 billion, a year-on-year increase of 33.99%, and a net profit attributable to shareholders of the listed company of RMB 701 million, a year-on-year increase of 69.70%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 hours ago

Secondary Aluminum Firms' Operating Rates Drop Amid Weak Demand and Rising Costs

[SMM Aluminum News Flash] This week, the operating rate of leading secondary aluminum enterprises pulled back slightly WoW, mainly dragged down by weakening demand. Currently, downstream enterprises generally maintain just-needed restocking with low willingness to accept high-priced supplies, and the overall market trading atmosphere remains subdued. On the cost side, primary aluminum prices held up well this week, pushing up production costs for enterprises. Some producers raised their quotes accordingly; however, constrained by lackluster demand follow-through, the price increase of finished products was notably weaker than that on the aluminum scrap side, and industry profit margins remained under pressure and continued to narrow. In the short term, operating rates still face downward p

14 hours ago

19 hours ago

Macro Neutrality and Wait-and-See Sentiment Dominated Futures Consolidation, Spot Cargo in High Range Saw Only Sporadic Rigid Demand [SMM Tin Midday Review]

[SMM Tin Midday Review: Macro Neutrality and Wait-and-See Sentiment Drive Futures Consolidation; Only Sporadic Rigid Demand for Spot Cargo in High-Range Trading]

19 hours ago

Apr 15, 2026 11:47

The Most-Traded SHFE Tin Contract Broke Above the 390,000 Mark, High Prices Suppressed Spot Cargo Transactions [SMM Tin Midday Review]

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Broke Above the 390,000 Mark, High Prices Suppressed Spot Cargo Transactions]

Apr 15, 2026 11:47