Summary by Moomoo AI
天璽曜11有限公司（formerly known as Balk 1798 Group Limited）announced its unaudited interim performance for the six months ended June 30, 2024. During this period, the group mainly engaged in the design and sales of integrated circuits and semiconductor components, private jet management services, as well as the manufacturing and sales of yachts and other businesses. Due to the global economic recession, especially the private jet management and yacht businesses, the group's revenue declined significantly by 84.3%, from approximately HK$101.7 million in the previous year to approximately HK$16.0 million. The group has implemented reform measures, including cost control and market promotion, to enhance competitiveness and seek new opportunities. In addition, the group completed a placement of new shares in January 2024, raising approximately HK$40.0 million as working capital. The board of directors does not recommend the distribution of any interim dividends.
