Xuan Wu Cloud Technology Holdings Limited Announces Unaudited Condensed Consolidated Interim Results for the Six Months Ended 30 June 2024

Strategic Insights -

Xuan Wu Cloud Technology Holdings Limited, an investment holding company principally engaged in the provision of intelligent customer relationship management services in the People's Republic of China, has released its unaudited condensed consolidated interim results for the six months ended 30 June 2024. The report highlights the company's financial performance for the first half of 2024, providing insights into its revenue, profit, and cash flow. The announcement is a significant update for investors and stakeholders, offering a glimpse into the company's operations and financial health during the period.

Key Takeaways:

  • The company's revenue for the six months ended 30 June 2024 was RMB 1,823,491, a 23% increase from the RMB 1,482,111 reported for the same period in 2023.
  • The group's profit for the period was RMB 234,790, a 21% increase from the RMB 194,051 reported for the same period in 2023.
  • The cash and bank balances of the company as of 30 June 2024 were RMB 1,550,189, a 15% increase from the RMB 1,345,236 as of 30 June 2023.
  • The ultimate controlling shareholders of the company are Mr. Chen Yonghui, Mr. Huang Fangjie, and Mr. Li Hairong, who entered into an agreement to act in concert with each other.
  • The company is an exempted company with limited liability under the Companies Act, Cap 22 (Act 3 of 1961, as consolidated and revised) of the Cayman Islands.

Statistics:

  • Revenue for the six months ended 30 June 2024: RMB 1,823,491
  • Revenue growth for the period: 23% increase from RMB 1,482,111 in 2023
  • Profit for the period: RMB 234,790
  • Profit growth for the period: 21% increase from RMB 194,051 in 2023
  • Cash and bank balances as of 30 June 2024: RMB 1,550,189
  • Cash and bank balances growth for the period: 15% increase from RMB 1,345,236 as of 30 June 2023

Sources:

  • Xuan Wu Cloud Technology Holdings Limited, "Unaudited Condensed Consolidated Interim Results for the six months ended 30 June 2024" (https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0827/2024082700930.pdf)