Neo-Neon (01868.HK) announced on August 23 that the total revenue of the company is approximately RMB 29.44 million in mid-2024, a decrease of approximately RMB 3.22 million compared to the same period last year. This decrease is mainly due to the weak recovery of the international market and the existing products of China Lighting Division not being able to effectively meet the latest demands of consumers, resulting in a decrease in orders.
During this period, the Group recorded a net profit attributable to owners of the parent company of approximately RMB 1.16 million, a decrease of approximately RMB 1.52 million compared to the same period last year, mainly due to a decrease in gross profit and an increase in operating expenses.
