Summary by Futu AI
Haichang Holdings Limited announced its interim performance for the six months ended June 30, 2024. During the period, the group's revenue increased by 6.8% to approximately 799.8 million RMB, primarily due to the opening of Haichang Ocean Park in Zhengzhou. However, the group recorded a loss of approximately 87.2 million RMB during the same period, with a gross margin decreasing from 27.1% in the same period last year to 25.2%. The group stated that it has taken multiple measures to ensure sustainable operation, including obtaining new bank loans, expected government subsidies, unused bank and credit financing, and financial support from major shareholders. In addition, the group continues to advance its IP strategy and expand through a light asset model, such as the second phase of the Shanghai Park project. The Board of Directors did not recommend the distribution of any interim dividends.