Summary by Moomoo AI
AIDIGONG announced its unaudited interim performance for the six months ended June 30, 2024, showing a decrease in revenue to approximately 0.275 billion Hong Kong dollars, with a gross margin declining from 30.3% to 25.5%, and a loss during the period increasing to approximately 39.35 million Hong Kong dollars. The company attributed the decline in revenue primarily to the depreciation of the renminbi against the Hong Kong dollar, macroeconomic impacts, and a low initial occupancy rate in newly opened postpartum centers. Despite achieving 5% growth in China's gross domestic product and a favorable external environment for the maternity and infant industry, customer purchasing power has declined and industry competition has intensified. The company did not declare any interim dividends during the reporting period and resolved its debt issues through a rights issue financing plan, while also exploring new markets and controlling costs. The board of directors expresses gratitude for the support of shareholders and commits to continuously improving profitability and asset quality.