According to Zhitong Financial App, Tongfang Youyou (01868) announced the interim results for the six months ended June 30, 2023. The group achieved revenue of RMB 327 million (same unit), a decrease of 4.95% year on year; profit attributable to owners of the parent company was 15.181,000 yuan, a year-on-year decrease of 14.96%; profit per share was 0.72 points.
The announcement stated that the decrease in profit was mainly due to an increase in the total operating expenses of the US Lighting Division.