Hybrid Kinetic (01188) releases its interim results for the six months ended June 30, 2024. The group has not generated any revenue during this period...
Zhengdao Group (01188) releases its interim results for the six months ended June 30, 2024. The group incurred a net loss of 5.842 million HKD, a 39.02% narrowing compared to the same period last year. Basic loss per share was 0.03 HK cents.
The announcement stated that during the first half of 2024, the uncertain macroeconomic environment and the generally cautious market sentiment have had adverse effects on the progress of the group's electric vehicle development. At the same time, it has significantly delayed progress in negotiations with potential business partners or investors.
Due to the challenges mentioned above, combined with various uncertainties in the global economy, the group's business development has been severely disrupted this year. The group did not generate any revenue or gross profit during this period and the same period last year.