NEW FIRE TECHNOLOGY HOLDINGS LIMITED (“NEW FIRE TECHNOLOGY”) ANNOUNCES INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2024. For the period, the company's revenue fell sharply by 72.6%, from HK$2,397,095 thousand to HK$655,608 thousand. Gross profit changed from negative to HK$32,141 thousand, and the gross margin increased from negative 0.60% to 4.9%. The profit before income tax was converted from a loss of HK$219,898 thousand in the same period last year to a profit of HK$99,266 thousand. The profit attributable to the Company's owners from continuing operations improved from a loss of HK$227,822 thousand to a profit of HK$99,813 thousand. Basic and diluted earnings per share increased to HK$21.42 from a loss of HK78.17 cents in the same period last year. The Company...Show More

NEW FIRE TECHNOLOGY HOLDINGS LIMITED (“NEW FIRE TECHNOLOGY”) ANNOUNCES INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2024. For the period, the company's revenue fell sharply by 72.6%, from HK$2,397,095 thousand to HK$655,608 thousand. Gross profit changed from negative to HK$32,141 thousand, and the gross margin increased from negative 0.60% to 4.9%. The profit before income tax was converted from a loss of HK$219,898 thousand in the same period last year to a profit of HK$99,266 thousand. The profit attributable to the Company's owners from continuing operations improved from a loss of HK$227,822 thousand to a profit of HK$99,813 thousand. Basic and diluted earnings per share increased to HK$21.42 from a loss of HK78.17 cents in the same period last year. The Company's net cash was revised from negative HK$147,044 thousand to HK$44,853 thousand and the total shareholders' equity also increased from HK$213,776 thousand to HK$317,032 thousand. Neo-Tech is primarily engaged in providing technical solutions services, a variety of services in the virtual asset ecosystem, including asset management, trust and custody business, and cryptocurrency trading. AFTER THE COMPANY ISSUED NEW ORDINARY SHARES TO MR. DU CHUN AND ON CHAIN TECHNOLOGY LIMITED ON 10 OCTOBER 2023, MR. LI LIN'S BENEFICIAL INTEREST IN THE COMPANY'S ISSUED SHARE CAPITAL DECREASED FROM 40.47% TO 19.53%.