Yu Diamond: The company's net profit in the first half of the year was 34.229 million yuan

**Abstract** Panorama Network reported on July 29 that Yu Diamond (stock code: 300064) released its half-yearly financial results for 2014 on Tuesday evening. The company recorded a net profit of 34.229 million yuan during the reporting period, representing a year-on-year decline of 45.16%. The earnings per share stood at 0.0563 yuan. In the first half of 2014, Yu Diamond generated revenue of 277 million yuan, reflecting a modest 3.64% growth compared to the same period in the previous year. However, operating profit fell significantly to 36.227 million yuan, a decrease of 39.54% year-on-year. The company attributed the drop in net profit primarily to the expansion of its operations and increased borrowing, which led to higher financial expenses. During the reporting period, financial expenses surged to 23.7322 million yuan, up by 146.52% from the previous year. Additionally, sales and administrative expenses rose by 38.76% and 68.49%, respectively. These increases highlight the challenges the company faced as it scaled up its business while managing rising costs. Despite the revenue growth, the pressure on profitability suggests that Yu Diamond is navigating a complex economic environment, requiring careful cost management and strategic planning to restore its performance in the coming quarters.

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