On August 30th, Guangdong Xiaojiong Technology Co., Ltd. (Stock code: 002723) (hereinafter referred to as "Kennede Electronics Mfg Co.,Ltd.") released its performance report for the first half of 2024.
During the reporting period, the company achieved total operating income of approximately 794 million yuan, a decrease of 8.89% compared to the same period last year; net profit attributable to shareholders of the listed company was about 3.95 million yuan, a decrease of 86.92% year-on-year; net cash flow generated from operating activities was approximately 159 million yuan, an increase of 286.49% year-on-year.
The company stated that with new product categories such as heat pumps, healthy lighting, and e-cigarettes entering the market, the operating income of the home appliance business increased during the reporting period, reaching 514 million yuan, a year-on-year growth of 12.78%.
In the field of new tobacco products, the company's e-cigarette business revenue was approximately 57.69 million yuan during the reporting period, accounting for 7.26% of total revenue. This represents a 230.91% year-on-year increase compared to the revenue of 17.43 million yuan in the same period last year. In addition, Kennede Electronics Mfg Co., Ltd., through its wholly-owned subsidiary Kinlite Intelligent Technology Co., Ltd., successfully renewed its "Tobacco Manufacturing Enterprise License," providing a legal basis for the production and sale of e-cigarette products.
The company stated that it will strictly adhere to relevant policies and improve the production and operation management level of its e-cigarette business.
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