Core Viewpoint - China Starch (03838.HK) reported a decline in mid-term performance, with revenue decreasing by 9.40% year-on-year to RMB 5.115 billion, and net profit attributable to shareholders dropping by 29.47% to RMB 151 million [1] Financial Performance - Revenue for the period was RMB 5.115 billion, a decrease of 9.40% compared to the previous year [1] - Net profit attributable to shareholders was RMB 151 million, down 29.47% year-on-year [1] - Basic earnings per share were RMB 0.0254 [1] Market Conditions - The decline in revenue was primarily due to a decrease in the average selling price of the company's products and a reduction in total sales volume [1] - The price of corn kernels, a key raw material, significantly increased during the period [1] Profitability Challenges - The company faced pressure from both declining product prices and rising raw material costs, leading to a reduction in gross profit [1] - These adverse changes have significantly impacted the company's profit margins [1]
中国淀粉(03838.HK)上半年纯利达1.51亿元 同比减少29.47%