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huafang group (03611) continues to operate its business by implementing its business strategy.
Huafang Group (03611) announced that the group is mainly engaged in providing entertainment, audio and video live streaming, and social networking services to its users.
HUAFANG GROUP: INTERIM REPORT 2024
Huafang Group Undergoes Forensic Review Amidst Trading Suspension
The overall business of Huafang Group has recovered, with a 105% year-on-year increase in mid-term profit.
Flower House Group (3611.HK) recently released its interim performance announcement for the six months ending June 30, 2024. The report shows that the group's total revenue for the period was 0.965 billion yuan (RMB, same below), with a net profit attributable to shareholders of 34.489 million yuan, a year-on-year increase of 105%; overseas social network revenue increased by 9.8% year-on-year to 0.139 billion yuan, poised to become a new growth engine. According to financial data, Flower House Group's overseas social business has shown strong growth momentum. During the period, the group's overseas social network revenue increased by 9.8% year-on-year to 0.139 billion yuan, becoming a part of the
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.
Huafang Group Reports Profit Amidst Revenue Decline
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