Longbai Group's semi-annual operating income was 13.804 billion yuan, a year-on-year increase of 4.09%

On August 28, Longbai Group (002601) released its 2024 mid-year report. The company achieved total operating income of 13.804 billion yuan, a year-on-year increase of 4.09%, and net profit attributable to the parent company was 1.721 billion yuan, a year-on-year increase of 36.40%.

Specifically, Longbai Group achieved total revenue of 13.804 billion yuan in the first half of 2024, a year-on-year increase of 4.09%. Operating costs on the cost-side were 9.995 billion yuan, a year-on-year increase of 0.73%, and costs such as expenses were 1.668 billion yuan, a year-on-year decrease of 6.72%. After deducting operating costs and various expenses from total operating income, the net profit attributable to the parent company was 1.721 billion yuan, a year-on-year increase of 36.40%.