Summary by Moomoo AI
The financial report of cn anchu energy group limited (the "Group") for the six months ended 30th June 2024 showed a 27.5% decrease in revenue compared to the same period last year, with a 40.5% decrease in gross margin. Net loss increased by 38.6%, and basic and diluted loss per share rose by 45.9%. In terms of financial position, cash and cash equivalents decreased by 41.7%, total assets and net assets decreased by 5.5% and 4.6% respectively. The debt-to-equity ratio increased by 21.1%, and the asset-liability ratio increased by 12.0%. The Group's main businesses include selling industrial products to Saudi Arabia, men's clothing in China, and energy storage batteries. During the reporting period, industrial product revenue significantly decreased due to the Red Sea crisis. The men...Show More
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