Zhitong Financial APP News, Yude International Holdings (08048) released its results for the six months ended June 30, 2023. The group achieved an income of HK $6.465 million, a decrease of 22.28% compared with the same period last year. The loss attributable to the owners of the company was HK $5.691 million, an increase of 10.74% over the same period last year.
The Group is cautiously optimistic about its business environment in the second half of 2023. In terms of product segments, traditional gold jewelry products will continue to dominate the high-end consumer market, while younger buyers with lower budgets tend to prefer lighter, economical, fashionable and lightweight gold jewelry in modern design. As far as the IT products and Services Division is concerned, the Group will continue to look for business opportunities with synergy with its core business.