Summary by Moomoo AI
GCL Tech Holdings Limited ("the Company") announced its unaudited condensed interim financial statements for the six months ended June 30, 2024. The report shows that the company's revenue decreased by 57.7% compared to the same period last year, from RMB 20,945,903 thousand to RMB 8,862,876 thousand. The profit attributable to owners of the Company turned from RMB 5,518,278 thousand in the same period last year to a loss of RMB 1,479,603 thousand. Basic loss per share was RMB 5.60, compared to earnings per share of RMB 20.79 in the same period last year. The total assets of the company decreased from RMB 82,768,172 thousand to RMB 79,002,291 thousand, and total liabilities decreased from RMB 34,450,463 thousand to RMB 32,621,874 thousand. The Group maintained effective risk management and internal control systems, and did not identify any significant violations. During the period, the company repurchased and cancelled 18,112,000 shares on the Stock Exchange. The board of directors does not recommend the payment of interim dividends.
