Summary by Moomoo AI
China Wantian Holdings Limited ("China Wantian") announced its unaudited interim financial report for the six months ended June 30, 2024. During the period, the company achieved revenue of approximately HK$251.8 million, an increase compared to the previous period, with the main income coming from the food supply business. The gross margin is approximately HK$33.8 million, with a gross margin of about 13.4%. The company incurred a loss of approximately HK$17.2 million during the period. Sales and administrative expenses increased during the period, while the expected impairment loss under the credit loss model decreased. The company did not declare an interim dividend during the period. Board members include Executive Directors Dr. Hui Kwok Wai, Mr. Chung Hok Yung, and Mr. Liu Tsz Ching; Independent Non-Executive Directors Ms. Lui Choi Yiu, Mr. Siu Chun Pong, and Mr. Lam Chi Wai. The company continues to focus on corporate governance and compliance with relevant regulations and provisions.
