Summary by Moomoo AI
Kidztech Holdings Limited ("the Company") announced the unaudited interim results for the six months ended 30 June 2024. The total income of the Company and its subsidiaries decreased by approximately 5.0% from approximately RMB 53.1 million in the same period of 2023 to approximately RMB 50.5 million. During this period, the Group's operations in its China division were affected by the downward trend in the macroeconomic environment in China; and the operations of the Group's Hong Kong division were affected by the Russia-Ukraine war and global inflation, leading to a decline in orders from Chinese and overseas customers. The Group's gross profit decreased from approximately RMB 8.8 million in the same period of 2023 to approximately RMB 8.6 million, a decrease of approximately 2.4%. The Group...Show More