Summary by Futu AI
AIDIGONG announced the unaudited interim performance for the six months ending on June 30, 2024, showing a decrease in revenue to approximately HKD 0.275 billion, gross margin decreased from 30.3% to 25.5%, and a loss of approximately HKD 39.35 million during the period. The company attributed the decrease in revenue to the depreciation of the Renminbi against the Hong Kong dollar, the impact of the macroeconomic environment, and the low initial occupancy rate of newly opened maternity centers. Despite achieving a 5% growth in China's gross domestic product and the overall improvement in the external environment of the maternity and infant industry, customer purchasing power has declined and industry competition has intensified. The company did not declare any interim dividends during the reporting period and resolved its debt problems through a rights issue financing scheme, while also expanding into new markets and controlling costs. The Board of Directors expresses gratitude for the support of shareholders and promises to continue improving profitability and asset quality.