Summary by Moomoo AI
As of September 30, 2024, Haotian International Construction Investment recorded revenue of HKD 86 million, unchanged from the same period last year. The loss for the period was HKD 81 million, narrowing from HKD 85 million in the same period last year. The gross profit was HKD 31 million, slightly lower than last year's HKD 32 million. Management pointed out that revenue from financial services increased to HKD 6 million, mainly due to the increase in margin financing trade volume. Nevertheless, the provision for impairment losses on financial assets rose to HKD 17 million, affecting overall profitability. Management stated that it will continue to focus on diversified business development, particularly in the fields of financial services and property development. In the future, the company plans to expand its asset management and financial services businesses by collaborating with industry experts to address market uncertainties and achieve long-term growth.