Gelong Hui Liantai Holdings (00311.HK) announcementSix months ended June 30, 2023The company's revenue was about $340 million, down about 26.5% from a year earlier. Gross profit margin fell to 13.9% during the period from 16.3% in the same period last year. The decline in gross profit margin was mainly due to a sharp drop in customer orders, which greatly affected production efficiency and cost-effectiveness. The group's net profit attributable to company owners during the reporting period decreased significantly to approximately $284000, compared with approximately $6969000 in the same period last year.
In additionThe company has applied to the Stock Exchange for the resumption of trading in the Company's shares on the Stock Exchange with effect from 09:00 on 10 October 2023.