According to Zhitong Financial App, Hendry (03389) announced its 2023 interim results. The company achieved revenue of 676 million yuan (RMB, same below), up 20.9% from the same period last year; loss attributable to shareholders was 1.885 million yuan, down 91.3% year on year; loss per share was 0.001 yuan.
The decline in losses was mainly due to improvements in gross profit and the termination of the watch business, inventory reserves, and a sharp drop in operating expenses of the watch business.