Zhitong Financial App News, Zhonglian Development Holdings (00264) announced interim results for the six months ended June 30, 2023, with revenue of HK $16.914 million, down 13.77% from a year earlier; loss attributable to the company's owners was HK $8.443 million, down 14.34% from a year earlier; loss per share was HK2.2 cents per share.
It is reported that the decrease in revenue is due to the subsequent impact of the epidemic, superimposed geopolitical tensions, a major change in the position of China's manufacturing industry in the global supply chain and a decrease in overseas orders, resulting in a decrease in group earnings and gross profit.