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Huafang Group announced its interim performance. Shareholders' attributable surplus amounted to 34.489 million yuan, turning losses into profits YoY.
Huafang Group (03611) released its interim results for the six months ended June 30, 2024. The group achieved a revenue of 0.965 billion yuan (RMB) during this period, a decrease of 40.64% year-on-year. Shareholders' attributable surplus was 34.489 million yuan, compared to a loss of 0.689 billion yuan in the same period last year, turning the loss into a profit. Earnings per share were 0.03 yuan. The announcement stated that the revenue generated from live streaming and audio social networks decreased by approximately 45.3% from the same period last year to approximately 0.813 billion yuan in the corresponding period, mainly due to the challenging and complex external environment and the continued efforts of the group.
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HUAFANG GROUP: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 JUNE 2024ANDCONTINUED SUSPENSION OF TRADING
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