Tianxiyao 11 Limited (formerly known as balk 1798 gp) announced in its mid-year report for 2024 that the group's revenue for the six months ended June 30, 2024 was approximately HKD 16.0 million, a decrease of 84.3% compared to the same period last year, which was approximately HKD 101.7 million. The decrease was mainly due to the economic downturn caused by the COVID-19 pandemic, which affected the revenue of the private jet management and yacht business. The group has taken reform measures, including cost control and market promotion, to enhance competitiveness and seek growth opportunities. The loss for the period was approximately HKD 24.1 million, with a basic loss per share of approximately HKD 5.51. In addition, the group did not declare any interim dividends and completed a...Show More

Tianxiyao 11 Limited (formerly known as balk 1798 gp) announced in its mid-year report for 2024 that the group's revenue for the six months ended June 30, 2024 was approximately HKD 16.0 million, a decrease of 84.3% compared to the same period last year, which was approximately HKD 101.7 million. The decrease was mainly due to the economic downturn caused by the COVID-19 pandemic, which affected the revenue of the private jet management and yacht business. The group has taken reform measures, including cost control and market promotion, to enhance competitiveness and seek growth opportunities. The loss for the period was approximately HKD 24.1 million, with a basic loss per share of approximately HKD 5.51. In addition, the group did not declare any interim dividends and completed a placement of new shares in January 2024, raising a net amount of approximately HKD 40.0 million as working capital. The group also underwent a series of management changes, including the resignation and appointment of board members. The company changed its name from "Balk 1798 Group Limited" to "SKY BLUE 11 Company Limited", which took effect on April 5, 2024.