Shenda Shares (600626): Net Profit Increased 392.81% To 395 Million Yuan In The First Half Year.

Shenda shares (600626.SH) issued its semi annual report in 2019, operating income of 7 billion 280 million yuan, a decrease of 9.79% compared with the same period last year. Net profit attributable to shareholders of listed companies was 395 million yuan, an increase of 392.81% over the same period last year. Net loss of non recurring gains and losses attributable to shareholders of listed companies was 114 million yuan, a net profit of 55 million 561 thousand and 100 yuan in the same period last year, and a basic earnings per share of 0.4630 yuan.

Since the second half of 2018, the overall demand for the automobile market has been relatively weak, reflecting the fact that the actual supply volume of the supply chain is much lower than the planned volume. Under the grim situation of turbulent economic situation, weak market demand, and the continuous growth of labor and cost, the gross profit margin of various business sectors of the company has declined.