On July 8th, Glon Hui announced that according to preliminary financial calculations, it is expected to achieve a net income attributable to the owner of the parent company of about -19 million yuan in the first half of 2024, and will incur losses compared to the same period last year. It is expected that the net income attributable to the owner of the parent company after deducting non-recurring gains and losses for the first half of 2024 will be approximately -55 million yuan.
During the reporting period, due to the overall industry prosperity, slow recovery of consumer confidence, and increased market competition, the company's operating income declined compared to the same period last year. The decline in operating income led to a decrease in gross profit, thereby affecting profit decline. In order to continuously improve brand strength, the company continues to invest in product research and development, advertising, and other aspects, but has not been able to achieve effective output in the short term. The company's cost control in the first half of the year did not cover the decrease in gross profit caused by the decline in revenue, resulting in negative net income attributable to the parent company for the period. The company will actively take measures to reduce costs and control expenses.
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