Gelonghui August 25?00894.HK announced that for the six months ended June 30, 2023, revenue was HK $762 million, down 23.0% from a year earlier; gross profit was HK $102 million, down 37.7% from a year earlier; loss attributable to shareholders was HK $15.368 million, compared with a profit of HK $30.404 million for the same period last year; loss per share was HK3.23 cents.
Although the novel coronavirus epidemic gradually subsided in the first quarter of 2023, the global economic recovery was not as expected and economic growth remained sluggish, the announcement said. Affected by high interest rates, the economic environment remains in the doldrums, which has dealt a serious blow to consumer confidence, resulting in the continued destocking of the electronics industry and the inevitable setback in the demand for group products. As a result, the Group's revenue for the period decreased by 23.0% compared with the same period in 2022.