Summary by Moomoo AI
Hongyi Cultural Group (formerly known as Huayi Tencent Entertainment) recorded a revenue of 0.489 billion Hong Kong dollars in the first half of 2024, a 22% decrease from the same period last year. The main source of revenue comes from the digital operation service 'Yizhino' in the medical industry, with revenue of 0.373 billion Hong Kong dollars during the period, a 23% decrease. The revenue of the smart health service platform 'Monkey Health' was 0.116 billion Hong Kong dollars, a 21% drop. The company narrowed its losses by 31% to approximately 46.18 million Hong Kong dollars. In January 2024, Yizhino, together with several large domestic pharmaceutical companies, established the first standard innovation consortium in the biomedical industry in Shanghai to promote the digital transformation of the biomedical industry. The company did not distribute dividends and issued convertible bonds in March to raise approximately 0.118 billion Hong Kong dollars. As of June 30, 2024, the company has no significant contingent liabilities.
