Summary by Moomoo AI
Haichang Holdings Limited announced its interim performance for the six months ended June 30, 2024. During the period, the group's revenue increased by 6.8% to approximately RMB 799.8 million, mainly driven by the opening of the Haichang Marine Park in Zhengzhou. However, the group recorded a loss of approximately RMB 87.2 million during the same period, with a gross margin decrease from 27.1% to 25.2% compared to the same period last year. The group stated that it has taken multiple measures to ensure ongoing operation, including obtaining new bank loans, anticipated government subsidies, untapped bank and credit financing, and financial support from major shareholders. In addition, the group continues to advance its IP strategy and expand through a light asset model, such as the Phase II project of the Shanghai Park. The board of directors did not recommend any interim dividend distribution.
