The company's decreased production volume has resulted in lower sales volume in 1HFY2023. As a result, the Zhongxin Fruit recorded lower revenue of RMB52.8 million in 1HFY2023, down 35% y-o-y. On the back of the lower revenue, gross profit also decreased to RMB12.6 million in 1HFY2023.
Zhongxin Fruit has posted earnings of RMB1.7 million ($331,700) in 1HFY2023 ended December, a 95.1% decline y-o-y from the RMB34.2 million reported in the previous corresponding period due to operational challenges.
For the period, earnings per share (EPS) stood at RMB0.16 on a fully diluted basis.
