abc 12 August 2024 Global Research and Evidence Lab First Read Centre Testing International H124 recurring NP up 5% YoY, falling in the middle of pre-results Q: How did the results compare with expectations? A: Revenue/recurring NP rose 9%/5% YoY to Rmb2.79bn/0.4bn in H124, and rose 11%/9% YoY to Rmb1.6bn/0.29bn in Q224, falling in the middle of its pre-results (H124 recurring NP +4-6% YoY) and largely in line with our and market expectations. GPM climbed 1.6ppt YoY and 7.4ppt QoQ to 52.7% in Q224, mainly d ...