Summary by Futu AI
Genting New Phenix Limited (the 'Company') has announced its unaudited interim results for the six months ended June 30, 2024. During the period, the Company's revenue reached RMB 301.5 million, and the gross margin increased from 62.7% in the same period last year to 76.6%. Research and development expenses decreased compared to the same period last year, amounting to RMB 253.2 million. The net loss for the period was RMB 632.4 million, an increase from the same period last year. The Company had RMB 1,925.5 million in cash, cash equivalents, and time deposits as of June 30, 2024. No dividends were distributed during the reporting period. The Chairman and Executive Director of the Company, Mr. Fu Wei, Executive Directors Mr. Luo Yongqing and Mr. He Ying, Non-executive Directors Mr. Cao Jizhe and Mr. Feng Honggang, as well as Independent Non-executive Directors Ms. Xu Haiyin, Mr. Li Yifan, and Mr. Jiang Shidong.