Stock Shortwave - Jianqiao's June Revenue Decreases by 16%

Reported about 1 year ago

On July 4, 2024, at 4:10 pm, Jianqiao (stock code: 4114) reported a revenue of 379 million yuan for June, a 16% decrease from the previous year, attributing the decline to inventory adjustments by some customers. The company's revenue for the first half of the year was 2.62 billion yuan, a 2% increase year-on-year. Jianqiao anticipates a surge in demand for respiratory-related products post-September when schools reopen, potentially due to a new wave of COVID-19. With export market orders visibility extending to three months, the company remains optimistic about future operations.

Source: YAHOO

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