Summary by Moomoo AI
ORIENTAL SELECTION HOLDINGS LIMITED ANNOUNCED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 NOVEMBER 2023 WITH TOTAL REVENUE OF APPROXIMATELY RMB27.95 MILLION, AN INCREASE OF 34.4% OVER THE SAME PERIOD LAST YEAR. However, profit for the period fell by 57.4% to about RMB2.49 billion. Basic earnings per share were RMB 0.25. The company's business mainly consists of live e-commerce platforms, focusing on providing customers with quality products and promoting traditional Chinese culture. During the reporting period, the company launched live channels on Taobao, WeChat widgets and proprietary apps, and plans to sell its education business. In addition, the company announced the proposed sale of the education business on 21 November 2023, which was approved by independent shareholders at the special general meeting on 18 January 2024, but the sale has not yet been completed.