Namyue Holdings (01058) released unaudited financial data for the nine months ending September 30, 2024, and the group...
According to the financial data released by Namyue Holdings (01058) as of the nine months ending September 30, 2024, the group generated revenue of 64.193 million Hong Kong dollars, a decrease of 7.3% year-on-year; the company's shareholders' share of comprehensive loss was 11.349 million Hong Kong dollars, a decrease of 61.7% year-on-year.
Faced with a sluggish domestic demand environment, the group actively increased the proportion of external processing business to effectively reduce unit fixed costs and bring positive gross profit impact. At the same time, the group strengthened research and development, promoted cost reduction and energy saving initiatives, continuously improved management measures, and enhanced operational efficiency. During the period, although revenue decreased compared to the same period last year, the unit production cost declined, and the sale of some subpar and problematic inventory at optimal prices increased the provision reversal for inventory impairment, leading to a turnaround from loss to profit in gross profit. Coupled with reduced administrative expenses, the group's operating loss decreased by 61.7% compared to the same period last year, significantly improving operational performance.
