Summary by Moomoo AI
Le Yirong Technology Group announced its 2024 interim report, showing that the main business revenue and income reached RMB 413,111 thousand, a 5.6% increase from the same period last year. The gross margin increased from 60.8% to 70.9%, with a gross profit growth of 23.3% to RMB 292,889 thousand. However, due to increased research and development and customer marketing expenses, as well as a more cautious provision for financial asset impairment, the loss for the period increased to RMB 240,801 thousand, a 41.4% increase from the same period last year. As of June 30, 2024, the total amount of cash and cash equivalents was RMB 5,086.1 million yuan, and the financial condition remained stable. The company did not declare any dividends during the reporting period and repurchased shares in the first half of 2024 for a total consideration of HKD 274,215,405. In addition, the company acquired additional shares of a listed company after the reporting period, which will have a significant impact on that company.