Zhitong Financial APP News, Beijing Health (02389) announced results for the first half of 2023, the company's revenue decreased by 15.0% year-on-year to HK $78.038 million, and its loss decreased by 48% to HK $18.032 million, or HK0.26 cents per share.
According to the announcement, the decrease in revenue was mainly due to a 15.1% drop in sales of health care products. Most of the main customers of the medical and maintenance products division come from bidding orders from enterprises and institutions, and the cycle from winning the bid to delivering the products is about half a year to one year. As a result of the relative decrease in the Group's order reserves in the second half of 2022, the income carried forward during the period decreased.