---
title: "BAWANG GROUP: Total revenue in the first half of 2024 is approximately RMB 1.098 billion, a year-on-year increase of 10.3%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/215230608.md"
description: "BAWANG GROUP achieved a total revenue of approximately 109.8 million RMB in the first half of 2024, a year-on-year increase of 10.3%. Operating profit was 1.7 million RMB, and net profit was 1.2 million RMB, both decreasing compared to the same period last year. Online sales revenue reached 55.6 million RMB, with a year-on-year growth of 21.6%. The revenue of its core brand BAWANG was around 104.3 million RMB, accounting for 95.0% of the total revenue, showing a year-on-year increase of 8.6%"
datetime: "2024-09-25T22:24:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/215230608.md)
  - [en](https://longbridge.com/en/news/215230608.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/215230608.md)
---

# BAWANG GROUP: Total revenue in the first half of 2024 is approximately RMB 1.098 billion, a year-on-year increase of 10.3%

Finance News on September 26th: BAWANG GROUP reported a total revenue of approximately RMB 109.8 million for the six-month period ending on June 30, 2024, an increase of about 10.3% compared to the same period last year, which was RMB 99.6 million. The company's operating profit was RMB 1.7 million, down from RMB 5.2 million in the same period last year. Additionally, the group's net profit was RMB 1.2 million, a decrease from RMB 4.5 million in the same period last year. In the first half of 2024, revenue from online sales channels was RMB 55.6 million, an increase of approximately 21.6% year-on-year. For the six-month period ending on June 30, 2024, the core brand BAWANG's revenue was approximately RMB 104.3 million, accounting for about 95.0% of the total revenue, with a year-on-year growth of 8.6%

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