Summary by Moomoo AI
Aerospace Hi-Tech Holding Group Limited (the 'Company') announces its unaudited interim results for the six months ended June 30, 2024. During the period, the Group's operating revenue was approximately RMB 148.0 million, a decrease of approximately 12.8% compared to the same period last year; gross profit was approximately RMB 15.8 million, an increase of approximately 23.3%. The loss attributable to equity holders of the Company decreased from approximately RMB 87.3 million in the same period last year to approximately RMB 71.6 million. In May and June 2024, the Company raised funds through share subscription agreements, receiving net proceeds of approximately HKD 45 million and HKD 31.8 million, respectively, for general working capital. In addition, the Company entered into a strategic cooperation agreement with the Egyptian National Aerospace Agency, expecting to expand its presence in the aerospace market in Africa. The Board of Directors believes that, considering the expected cash flows and the above plans and measures, the Group will have sufficient operating funds to fulfill its financial obligations due in the next twelve months.
