Boan Biotech Announces 2024 Half Year Results: Revenue Grows by 39%, Net Profit Increases by RMB 180 Million

YANTAI, China, Aug. 27, 2024 /PRNewswire/ -- Boan Biotech (6955.HK) today announced its 2024 half-year results and latest developments.

During the reporting period, the company's total revenue was RMB 363 million, up 39% year-over-year. In this, the revenue from product sales was RMB 332 million, up 28% year-over-year. The company was able to break even in this period, generating a net profit of RMB 61.67 million, up RMB 180 million from the previous period, with a net profit margin of 17%.