Lao Feng Xiang's (SHA:600612, SHA:900905) net profit attributable to shareholders in the first half fell 13% year on year to 1.22 billion yuan, or 2.33 yuan per share, according to a Shanghai bourse disclosure on Friday.
The Chinese jewelry company's attributable profit a year ago was 1.40 billion yuan, or 2.68 yuan per share.
Operating revenue dropped 17% to 33.4 billion yuan from almost 40 billion yuan in the previous year.
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