Summary by Moomoo AI
For the six months ended 30 September 2024, Aigao Group recorded revenues of HK$50 million, down 42% year-on-year; a loss of HK$24 million in the period and a profit of HK$572 million for the same period last year. Gross margin increased from 5% to 9% in the same period last year, mainly due to the shift to OEM/ODM production models and reduced sales costs. The Board of Directors does not recommend the distribution of an interim dividend.Management noted that despite a slight improvement in the transition from in-house manufacturing to outsourced production, the company still faced challenges. Exploring new products and markets is a priority, and more resources are needed to improve operations. The company will continue to rely on...Show More
