Summary by Moomoo AI
New Ray Medicine International Holdings Limited announced its interim performance for the six months ending June 30, 2024, showing a 46.1% decrease in revenue compared to the same period last year, to approximately 16.7 billion Hong Kong dollars. The net loss attributable to owners of the company decreased by 69.4% to approximately 4.088 million Hong Kong dollars. No interim dividends were declared during this period. The company attributed the decrease in revenue mainly to the strengthened hierarchical classification management policy of antimicrobial drugs in mainland China, leading to a decline in demand for its main products. In addition, the company conducted multiple investment activities during the period, including acquisition of equity interests in target companies and participation in cornerstone investments. The company also mentioned that there...Show More