Summary by Moomoo AI
Zhejiang Shibao (01057.HK) released its first quarter report for 2024, showing significant growth in both operating income and net profit. In the first quarter of 2024, Zhejiang Seibao's sales revenue reached about RMB 4.93 billion, an increase of 43.03% year-on-year; net profit attributable to shareholders of listed companies was approximately RMB2.18 billion, a significant year-on-year increase of 140.12%. In addition, net profit excluding non-recurring losses increased by 272.95% year-on-year to approximately RMB2.04 billion. Net cash flow generated by operating activities reversed from the negative value of the same period last year to approximately RMB 418 million, an increase of 125.18%. THE COMPANY'S BASIC EARNINGS PER SHARE AND DILUTED EARNINGS PER SHARE WERE $0.0276, AN INCREASE OF 140% OVER THE SAME PERIOD LAST YEAR...Show More